Customs Department Cannot Encash Bank Guarantee During Appeal Pendency If Pre-Deposit Is Made, Court Affirms: Delhi High Court
On 9th January, 2025, the High Court of Delhi delivered a crucial judgment in the case Amar Singh and Sons Tree Nuts LLP vs. The Superintendent of Customs, concerning the encashment of a bank guarantee related to a dispute over customs duty. The Court, after considering the arguments, directed a stay on the encashment of a bank guarantee worth Rs. 3,06,77,000/- that was submitted by the petitioner under an advance…
