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2017 (1) TMI 1670 - HC - CustomsDemand of Customs Duty alongwith interest - import of Hot Rolled Plates under advance authorizations - HELD THAT:- The respondent No.1, under instructions, submits that NTPC is willing to replace the bank guarantee in the sum of ₹ 8,15,00,000/-, furnished by the petitioner to the Custom Authorities, with a bank guarantee of NTPC. The writ petition is disposed of directing the respondent No.1 to approach the Custom Authorities for the replacement of the bank guarantee in the sum of ₹ 8,15,00,000/- furnished by the petitioner. The petitioner shall afford all assistance for the said purpose and both the parties shall execute such necessary documents, as may be required by the Customs Authorities, for replacement of the bank guarantee. Petition disposed off.
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