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2013 (6) TMI 9 - DELHI HIGH COURTFurnishing of bank guarantee - provisional release of goods - held that:- condition of furnishing a bank guarantee in the sum of Rs.16 crores is clearly harsh and burdensome being far in excess of even the differential duty amount ascomputed by the respondents. Therefore, that condition has to go. However, a reasonable condition may be imposed. In the case of Navshakti Industries (2011 (5) TMI 149 - SUPREME COURT) the Supreme Court imposed the condition of furnishing a bank guarantee to the extent of 30% of the differential duty. We feel that such a condition would be appropriate in the present case also. - Decided in favor of assessee.
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