Customs Dept can demand bank guarantee for differential duty of Rs. 213.79 Cr on import of Concentrates of Alcoholic Beverages: Bombay HC [Read Order]

Customs - Dept - import - Alcoholic - Beverages - Bombay - HC - TAXSCAN

A division bench of the Bombay High Court recently observed that, the Customs can demand bank guarantee in lieu of the differential duty on import of concentrates of alcoholic beverages, denying relief to the Indian made foreign liquor manufacturer Pernod Ricard India Private Limited. The Petitioner has challenged the direction issued by The Principal Commissioner…

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