Enforcement of B.2 Bond pursuant to CEGAT's Order No. 1116/ 1132/86 WRB dated 14-10-1986

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....e (Department of Revenue) New Delhi Subject: Enforcement of B.2 Bond pursuant to CEGAT's Order No. 1116/ 1132/86 WRB dated 14-10-1986. Attention is invited to Board's letter F.No. 261/15CC/4/82-CX.8, dated 22-10-1982 vide which sugar factories were permitted to store molasses in katcha pits/tanks subject to the execution of a bond that in the event of loss or damage, whether for natural c....

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.... has been opined by Law Ministry that CEGAT in its judgment has left open the question of encashment of Bonds in question. Law Ministry has further observed that the Department is not banned from on cashing the aforesaid bond even by filing a suit in court of Law. Since a substantial amount of revenue is involved, the Board has decided that action should be taken by the Collectors to enforce th....