https://www.taxtmi.com/caselaws?id=778448 Where provisional release of goods had been ordered on a bank guarantee based on an incorrect 6% duty estimate, the HC held that the security could be revised once the correct 20% duty liability emerged under Notification No. 04/2025-Customs. The earlier guarantee did not bar modification of the interim order, because it had been founded on a material mistaken premise. The court therefore allowed enhancement of the security to protect customs revenue and granted time to furnish the additional or consolidated guarantee while provisional release continued on compliance. en-us Wed, 10 Sep 2025 00:00:00 +0530 Wed, 17 Sep 2025 08:31:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778448 Where provisional release of goods had been ordered on a bank guarantee based on an incorrect 6% duty estimate, the HC held that the security could be revised once the correct 20% duty liability emerged under Notification No. 04/2025-Customs. The earlier guarantee did not bar modification of the interim order, because it had been founded on a material mistaken premise. The court therefore allowed enhancement of the security to protect customs revenue and granted time to furnish the additional or consolidated guarantee while provisional release continued on compliance. Case-Laws Customs Wed, 10 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778448