Customs – Bombay High Court: As the Petitioner is undervaluing its import from the related party bank guarantees to the tune of 100% were correctly insisted upon - There is no error, illegality or lack of power in the Respondents' action in insisting upon the bank guarantee with the loading of 67.49% of the invoice value relying on the investigative findings of SVB – Appeal dismissed [Order attached]

13-Jul-2022 15:27:39