2014 (5) TMI 632

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..... shment of Bank Guarantee is not warranted. In view of this observation, we direct the concerned Commissioner to refund the amount of Rs. 50 lakhs to the applicant, which was taken by them by encashing Bank Guarantee executed by the applicants at the time of provisional release of the goods - Decided in favour of assessee. - C/592/2010 - Misc. Order No. M/451/2012-WZB/C-I(CSTB) - Dated:- 14-5-2012 .....

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..... 23-7-2010. As the applicant has got the unconditional waiver of pre-deposit, therefore, the applicants are entitled for consequential relief of refund of the amount of Rs. 50 lakhs which has been encashed by the department during the pendency of the stay application. 3. Heard the learned Counsel and perused the records. 4. As discussed above, the applicant has already granted unconditional .....

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