Delhi High Court Sets Aside ₹10 Crore Security Demanded By Customs For Provisional Release Of Seized Goods, Calls It 'Onerous'

The Delhi High Court has set aside a ₹10 crore security demanded by Customs for provisional release of seized goods, calling it onerous. This significant ruling provides relief to importers by reducing the financial burden associated with the provisional release of seized consignments. The court likely found the demanded security excessive and disproportionate, hindering legitimate trade. This decision reinforces the principle that security demands should be reasonable and not prohibitive, ensuring that businesses can retrieve their goods without undue financial strain while the customs dispute is ongoing, thereby promoting smoother trade and preventing arbitrary demands.