https://www.taxtmi.com/caselaws?id=46319 The court held that the enforcement of the bank guarantee by the Deputy Commissioner of Customs was not justified. The bank guarantee would remain in force until the stay application is decided by the Appellate Authority, as per Circular No. 396/29/98-CX. The court emphasized the binding effect of departmental circulars on revenue authorities and ruled in favor of the petitioner, allowing the bank guarantee to continue until the stay application's resolution. The decision did not impact the Appellate Authority's determination on the stay application. en-us Mon, 15 May 2000 00:00:00 +0530 Sat, 17 Jul 2010 11:35:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46319 The court held that the enforcement of the bank guarantee by the Deputy Commissioner of Customs was not justified. The bank guarantee would remain in force until the stay application is decided by the Appellate Authority, as per Circular No. 396/29/98-CX. The court emphasized the binding effect of departmental circulars on revenue authorities and ruled in favor of the petitioner, allowing the bank guarantee to continue until the stay application's resolution. The decision did not impact the Appellate Authority's determination on the stay application. Case-Laws Customs Mon, 15 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46319