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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