Bombay High Court Modifies Bank Guarantee Condition for Provisional Release of Seized Goods Under Customs Act — Instructions of CBEC Require Bank Guarantee Not to Exceed Twice the Duty Amount. The court directed reduction of bank guarantee from Rs.1.81 crores to twice the duty amount for provisional release of goods under Section 110 of the Customs Act, 1962.
11 Jul 2011The petitioner, Bhavik K. Shah, filed a writ petition under Article 226 of the Constitution before the Bombay High Court seeking a declaration that th...




