Court Halts Bank Guarantee Encashment; No Coercive Steps Allowed During Appeal Period u/s 129A of Customs Act 1962.

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....HC stayed encashment of bank guarantee. Coercive measures prohibited during appeal limitation period under Circular 984/08/2014-CX. Pre-deposit made, remaining amount cannot be recovered by encashment. Impugned order dated 06.12.2024, appeal period 3 months u/s 129A of Customs Act 1962. Considering substantial sum appropriated, encashment of bank guarantee restrained subject to petitioner keeping it alive.....