Delhi HC Refuses to Enhance Bank Guarantee Demand to Release Seized Gold Imported after Export for Exhibition [Read Order]

Delhi High Court - Delhi High Court Refuses to Enhance Bank Guarantee Demand - Bank Guarantee Demand - Seized Gold Imported after Export for Exhibition - Seized Gold - Exhibition - Export - Taxscan

A Division Bench of the Delhi High Court refused to enhance the bank guarantee demand to release the seized gold imported after export for exhibition. The gold, imported into India by the respondent, M/s Its My Name Pvt Ltd, was seized by the Directorate of Revenue Intelligence (DRI), in part from the workshop/factory premises of…

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