TMI Blog2009 (6) TMI 599X X X X Extracts X X X X X X X X Extracts X X X X ..... by furnishing of an unconditional bank guarantee - bank guarantee shall be an unconditional bank guarantee and the same shall be kept renewed - failing which it will be open to the respondents to invoke the bank guarantee - goods be released within 48 hours from the time of furnishing of the bank guarantee - 499 of 2009 - - - Dated:- 29-6-2009 - Indira Banerjee, J. REPRESENTED BY : ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , by a letter dated 25th June, 2009 directed the petitioners to furnish cash security of Rs. 2,18,80,500/- against the bill of entry in question. 3. Requiring on assessee to furnish cash security, for all practical purposes, tantamounts to directing the assessee to make the payment of the disputed duty. The duty to which the assessee has been assessed would be fully secured by furnishing o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y which, as observed above, is as good as calling upon the assessee to make payment of the amount assessed. 4. Subject to the petitioner furnishing a bank guarantee of the entire amount as assessed by the order dated 8th April, 2009, the respondent authorities shall release the goods in question. The goods shall be released within 48 hours from the time of furnishing of the bank guarantee. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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