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2014 (5) TMI 632 - AT - CustomsDenial of refund - Encashment of bank guarantee - applicant has got the unconditional waiver of pre-deposit - Held that:- applicant has already granted unconditional waiver of pre-deposit of the dues adjudged in the impugned order, therefore, the encashment of Bank Guarantee is not warranted. In view of this observation, we direct the concerned Commissioner to refund the amount of Rs. 50 lakhs to the applicant, which was taken by them by encashing Bank Guarantee executed by the applicants at the time of provisional release of the goods - Decided in favour of assessee.
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