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2008 (4) TMI 665 - GUJARAT HIGH COURTDispensation of pre-deposit - Held that:- The question now to be debated before the Tribunal is in respect of the demand of ₹ 62,64,550/- by way of additional customs duty. 25% thereof would roughly come to about ₹ 15,66,137/- which may, for the sake of convenience, be rounded off to ₹ 15,60,000/-. The petitioner has already given bank guarantee of ₹ 7.60 lacs and therefore, we are of the view that the petitioner should now deposit a further sum of ₹ 8 lacs in cash within two months from today. We are also of the view that bank guarantee of ₹ 7.60 lacs lying with the department should be permitted to be encashed.
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