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2014 (6) TMI 121 - AT - CustomsWaiver of pre deposit - Encashment of bank guarantee - Assessee submits that if Revenue encashes bank guarantee to the tune of Rs.2.5 crores (Rupees two and half Crores) out of bank guarantee of Rs 9.00 crores, Valid Up to 27.1.2013 laying with Revenue authority, within two weeks from today that may not prejudice interest of Revenue to hear the Appellant on the basis of reply to the Show Cause Notice - Held that:- When aforesaid cooperative proposal comes forward from Appellant and also appreciating that Revenue was in dark when there was non- cooperation of the Appellant in the past to complete adjudication, we direct Id. D.R. to transmit the sealed cover stated to have contained reply to the Show Cause notice to Id. Adjudication authority with an advice to extend his cooperation to the Appellant to encash the bank guarantee of the aforesaid extent within two weeks of receipt of this order - Decided in favour of assessee.
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