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HomeIndirect TaxesCustoms Dept. Demands Excessive Bank Guarantee; Bombay HC Allows Provisional Release of...

Customs Dept. Demands Excessive Bank Guarantee; Bombay HC Allows Provisional Release of Seized Boat on Rs. 75 Lakh Deposit

Indirect Taxes

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By Mariya Paliwala
Bombay High Court

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The Bombay High Court has permitted the provisional release of an imported boat seized by Customs authorities after directing the importer to deposit Rs. 75 lakh in cash and furnish a bond for the remaining differential duty.  The bench of Justices G.S. Kulkarni and Justice Aarti Sathe clarified that the dispute regarding classification of the…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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