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Customs - Highlights / Catch Notes

Home Highlights June 2013 Year 2013 This

Condition of furnishing a bank guarantee in the sum of Rs.16 ...


Bank Guarantee of Rs.16 Crores Ruled Excessive Compared to Calculated Duty Amount, Deemed Harsh and Burdensome.

June 1, 2013

Case Laws     Customs     HC

Condition of furnishing a bank guarantee in the sum of Rs.16 crores is clearly harsh and burdensome being far in excess of even the differential duty amount as computed by the respondents. - HC

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