9911796707
TMI BlogHC stayed encashment of bank guarantee. Coercive measures prohibited during appeal limitation period...The High Court has stayed the encashment of a bank guarantee, prohibiting coercive measures during the appeal limitation period as outlined in Circular 984/08/2014-CX. A pre-deposit has been made, and the remaining amount cannot be recovered through encashment. The impugned order dated December 6, 2024, allows a three-month appeal period under Section 129A of the Customs Act 1962. Given the substantial sum already appropriated, the court has restrained the encashment of the bank guarantee, provided the petitioner keeps it active. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
