Saturday, 14 June 2014

Bank guarantee for provisional release of goods couldn’t be revoked till adjudication even if SCN wa

Excise & Customs : Section 110(2) is not applicable where goods are provisionally released conditionally under section 110(1A) or section 110A; therefore, where department has sought bank guarantee for provisional release of seized goods, such bank guarantee need not be released until adjudication even if notice is not issued within 6 months


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