2016 (10) TMI 192

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . Vs. M/s Navshakti Industries Pvt. Ltd. & Anr. 2011 (5) TMI 149-Supreme Court and CESTAT referred, where it was held that the bank guarantee amount deserves to be reduced to 5% of the value of the goods as at the time of release of goods in any case the assessee has to pay full amount of duty - provisional release of goods ordered with modification that the bank guarantee of 5% of the value of th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n ble Supreme Court s decision in the case of CC Ors. Vs. M/s Navshakti Industries Pvt. Ltd. Anr. 2011 (5) TMI 149-Supreme Court and CESTAT. Hyderabad decision in the case of M/s Kanishka Plast M/s Sonal Plast Vs. CCE, Hyderablad vide order No. A/30447-30448/2016 dated 25.5.2016. 3. Ld. AR Shri R.K. Mishra objects to reduction of amount of bank guarantee and points out discrepancy in the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X