Provisional release of Seized Goods Allowable after taking Suitable Bond and Bank Guarantee even if Investigation still under process: CESTAT [Read Order]

By Shabna Rahim - On November 18, 2023 12:00 pm - 2 mins read
Seized Polyester - CESTAT - excise - service - customs - Seized Goods Allowable - taxscan

The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the provisional release of seized goods can be allowed after taking a suitable bond and bank guarantee even if the investigation was still pending.  Ocean Sky Impex Private Limited, the appellant assessee was engaged in the import of “Polyester Coated Fabric (Polymeric…

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