:1: IN THE HIGH COURT OF BOMBAY AT GOA WRIT PETITION NO. 486 OF 2011 1. M/s Colfax India Pvt. Ltd., (Formerly known as M/s Colfax Laboratories ( India) Limited), a Company incorporated under the Companies Act, 1956 having its Registered Office at Nirancal Road, Curti, Ponda Goa, 403 401. 2. Ms. Elvina Matildes Menezes, being the Director of Petitioner No.1 named above Residing at H.No.156, Altinho, Mapusa Goa. … Petitioners V e r s u s 1. The State of Goa, through the Chief Secretary, Secretariat, Porvorim Goa. 2. The Commissioner of State Excise, Government of Goa, Panaji Goa. 3. Asst. Commissioner of State Excise, Office of the Commissioner of Excise Government of Goa, Panaji Goa. 4. The Mamlatdar, Office of the Mamlatdar of Ponda Taluka, Ponda Goa. … Respondents Mr. Arshad Hidayatulla, Senior Advocate with Mr. S. N. Joshi, Advocate for the petitioners. Mr. S. S. Kantak, Advocate General with Ms. N. Kholkar, Addl. Government Advocate for respondents. CORAM : S. A. BOBDE & F. M. REIS, JJ. DATE : 10 th AUGUST, 2011 . :2: ORAL JUDGMENT ( Per S. A. BOBDE, J) Rule, returnable forthwith. Heard by consent of the parties. 2. The petitioners have prayed for reconsideration of the assessable value. It is not disputed that the petitioners have alternate remedy under the Land Revenue Code, 1968 which they may avail of. Having regard to the apprehension of coercive recovery expressed by Shri Hidyayatulla, learned Senior Counsel for the petitioners, we direct the petitioners to furnish a bank guarantee to the satisfaction of the Commissioner of Excise. There shall be no coercive recovery pending till the determination of the amount. This order shall be in force till the determination of the amount by the appropriate forum. 3. Rule is made absolute in above terms. No order as to costs. S. A. BOBDE, J F. M. REIS, J :3: at*