HC : Restrains Revenue from invoking bank guarantee until appeal remedy exhausted/time-barred

Kerala HC restrains authorities from invoking bank guarantee (furnished for tax/penalty and goods release) until assessee exhausts its statutory appeal remedy or till appeal gets barred by limitation; Observes that, goods were detained by authorities while they were transported from Mumbai to Perumbavoor on the ground that they did not correctly reflect destination point; Notes that petitioner intends to file statutory appeal against adjudication order but apprehended that au...