Restraint from encashing the bank Guarantee - goods imported by PEL (steel plates) for supply to NTPC...

Restraint from encashing the bank Guarantee - goods imported by PEL (steel plates) for supply to NTPC was eligible for deemed exports however due to scraping of project NTPC agreed to pay the duties leviable on the said imports - the respondents cannot continue to withhold the bank guarantee after accepting the the payment from NTPC .....

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