Expired Bank Guarantees Cannot be Sustained in Law: Kerala HC Dispels Customs’ Claim [Read Order]

The Petitioner runs a hotel and had imported various capital goods using the EPCG Scheme between April, 2011 and March, 2014
Kerala HC bank guarantee - Expired bank guarantee law - Customs duty recovery - taxscan

The Kerala High Court recently held that the Customs Department does not have the liberty to invoke expired bank guarantees to recover any outstanding duties payable by an entity who had availed the benefits of the Export Promotion Capital Goods (EPCG) Scheme. The decision was given by a Division Bench in a Writ Appeal filed…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here
taxscan-loader