Recovery of duty on failure on the part of the assessee to execute Bank Guarantee within the period stipulated by the Courts

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Full Text of the Document

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.... Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Recovery of duty on failure on the part of the assessee to execute Bank Guarantee within the period stipulated by the Courts. It has come to the notice of the Board that in a case an assessee obtained a stay of the recovery of duty from the Supreme Court of India subject to the condition that the as....