1986 (7) TMI 127 - HC - Customs

Summary

The High Court of Bombay ruled in favor of the petitioners, setting aside the penalty imposed by the Deputy Collector of Customs. The Deputy Collector's order was challenged under Article 226 of the Constitution of India. The court found that the Deputy Collector's observation of the petitioners accepting the proposed penalty was incorrect. The petition succeeded, and the bank guarantee furnished was discharged.