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1994 (11) TMI 136 - SC ORDERExtract: ....... encash the bank guarantees to the extent of half the duty due, i.e., upto Rs. 3.25 crores, on or after Ist January, 1995. The remaining bank guarantees shall continue to be kept alive pending the appeal. 3. It is obvious that in the event of the appeal being allowed, the respondents shall refund the amount with interest at the rate of 12 per cent.
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