Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

M/s Pallahan Industries Versus Union of India and others

2015 (11) TMI 201 - PUNJAB & HARYANA HIGH COURT

Request for quashing provisional release letter asking it to furnish bank guarantee to the tune - Held that:- petitioner has already paid ₹ 5,00,000/- and is also ready to furnish personal/surety bond equivalent to the declared value of the goods. The respondents have not pointed out any circumstance which may raise an apprehension or presumption that the petitioner will not discharge its liability qua any amount that may be assessed at the time of final adjudication. - we quash the condit .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

led to claim any duty draw back and the amount of ₹ 5,00,000/- deposited by him shall be adjusted in its liability in case any found due against it - Decided partly in favour of assessee. - CWP No.12695 of 2015 - Dated:- 10-8-2015 - Mr. Ajay Kumar Mittal And Mr. Ramendra Jain, JJ For the Petitioner : Mr. Jagmohan Bansal, Advocate For the Respondent : Mr.Pankaj Gupta, Advocate ORDER Ramendra Jain, J. The petitioner has approached this Court inter alia praying for quashing the condition numb .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

nsequently, the Additional Commissioner provisionally released the goods to the petitioner without imposing any condition of furnishing bank guarantee. Thereafter on 07.04.2015, the Officers of respondent No.2 (Directorate of Revenue Intelligence) again seized one container of the petitioner at Nhava Sheva. The petitioner requested respondent No.4 (Assistant Commissioner of Customs), SIIB (X), Nhava Sheva, Navi Mumbai, District Raigad, Maharashtra) provisionally to release its seized goods. On 2 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

unt of bank guarantee from 20% to 10% of declared FOB value vide order dated 18.06.2015. 3. Learned counsel for the petitioner has contended that the petitioner has already deposited ₹ 5,00,000/-. The petitioner is also ready to furnish personal/surety bond to the extent of 100% of the declared value of the goods. The condition imposed of furnishing bank guarantee of 10% of the amount of the total value of FOB is quite unreasonable, arbitrary and illegal. 4. We have given our thoughtful co .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version