Case Law Details
Asit C. Mehta Financial Services Limited Vs Customs Excise And Service Tax Appellate Tribunal (CESTAT) (Bombay High Court)
Bombay High Court held that the time limit of 120 days prescribed in Section 130(A)(4) of the Customs Act, in our view, should be construed as being directory only and not imperative.
Facts-
This petition seeks dismissal and quashing of the case directed to be filed by Respondent No.1 in Customs Application No. 28 of 2001 that was filed by Respondent No.2 and for return of Bank Guarantee of Rs.26,86,000/- given by petitioner in favour of Prothonotary and Senior Master of this court.
According to petitioner, pursuant to the directions passed by the Hon’ble Apex Court, petitioner had furnished a Bank Guarantee of Rs.26,86,000/- in favour of Prothonotary and Senior Master, Bombay High Court.
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