https://www.taxtmi.com/caselaws?id=47200 The HC ruled in favor of the petitioner, quashing the premature encashment of a bank guarantee by customs authorities before the expiry of the statutory appeal period. The Court emphasized the policy against coercive actions during pending appeals and directed that the bank guarantee remain valid until the appeal process is completed. The Court established timelines for filing appeals and necessary applications, ensuring the petitioner's rights are protected. The petition was allowed, and the rule was made absolute, with no costs awarded. en-us Fri, 05 Mar 2004 00:00:00 +0530 Sat, 22 Jun 2024 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47200 The HC ruled in favor of the petitioner, quashing the premature encashment of a bank guarantee by customs authorities before the expiry of the statutory appeal period. The Court emphasized the policy against coercive actions during pending appeals and directed that the bank guarantee remain valid until the appeal process is completed. The Court established timelines for filing appeals and necessary applications, ensuring the petitioner's rights are protected. The petition was allowed, and the rule was made absolute, with no costs awarded. Case-Laws Customs Fri, 05 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47200