Bank guarantee demand justifiable based on Special Valuation Branch report

Pernod Ricard India Private Limited Vs The Union of India through Joint Secretary (Bombay High Court) Bombay High Court held that insisting on bank guarantees for differential duty justifiable based on finding of SVB (Special Valuation Branch) that petitioner is undervaluing its import from related party. Facts- The Petitioner has challenged the direction issued by Respondent No.3 to the Petitioner on the ICEGATE Portal demanding bank guarantee for differential duty on of bills of entry for imports of the Petitioner of concentrates of alcoholic beverages from 1 April 2022 onwards. The Petition...