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HomeIndirect TaxesCESTAT Quashes Onerous Bank Guarantee Condition on Release of Areca Nut Consignment

CESTAT Quashes Onerous Bank Guarantee Condition on Release of Areca Nut Consignment

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By Mariya Paliwala
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The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chandigarh Bench, has set aside the requirement of furnishing a hefty bank guarantee for the provisional release of imported areca nuts, holding the condition to be arbitrary and unreasonable.  The bench of S. S. Garg (Judicial Member) and P. Anjani Kumar (Technical Member) has observed that…

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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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