Security/bank guarantee is necessary for the provisional release of the confiscated goods before adjudication
Last updated: 20 January 2023
Court :
CESTAT, New Delhi
Brief :
The CESTAT, New Delhi in the matter of M/s Classic Interiors v. Commissioner of Customs, New Delhi [Customs Appeal No. 51454 of 2022 dated January 12, 2023] modified the order of the Commissioner of Customs(Appeals), to the extent that the amount of bank guarantee for provisional release of the confiscated goods to be reduced from 10% to 5% of the total value of the goods, on the grounds that differential duty as demanded has already been deposited by the assessee. Held that, some security is necessary to cover it if the goods are to be released provisionally before adjudication.
Citation :
Customs Appeal No. 51454 of 2022 dated January 12, 2023
You have reached daily limit of 2 Free Judgements. To view this or other Judgements please subscribe to CCI PRO :
Stay updated! Stay ads free
Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.
CCI PRO annual subscription :
Original Price : INR 2999/-
Offer Price : INR 1999/-
Duration : 1 year
(Prices Inclusive of GST)
Know More
Note: If you are a PRO member already, please click here to login (for ad free experience)
Bimal Jain
Published in Custom
Views : 303
Comments
Trending Online Classes
-
Online GST Course - Master the Fundamentals of GST with Practical Insights
Ruhi Joshirao19 January 2026
CAclubindia
