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2008 (3) TMI 304 - HC - CustomsWhether Commissioner can invoke Bank Guarantee, when petitioner’s application for extension of period EPCG Licence is pending before Grievance Committee of DGFT - Since there is nothing to indicate that the said request of the petitioner has been rejected, Commissioner in not justified in invoking the Bank guarantee – DGFT shall take a decision on request made by the petitioner for extension of the period of licence as expeditiously as possible - and in the meanwhile the petitioner shall keep the bank guarantee alive for another period of one year
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