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Central Excise - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

Bank guarantee - Supreme Court in CCE v. Dunlop India Ltd. (1984 ...


Supreme Court Rules State Cannot Rely on Bank Guarantees in CCE v. Dunlop India Ltd.; Rs. 60 Lakh Denied.

February 7, 2012

Case Laws     Central Excise     HC

Bank guarantee - Supreme Court in CCE v. Dunlop India Ltd. (1984 -TMI - 40039 - SUPREME Court) has held that the State is not run on the Bank Guarantees. Therefore, no permission is granted to appellant to furnish Bank Guarantee to the extent of Rs.60 lacs.... - HC

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