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
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Bimal Jain
Published in Custom
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