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2017 (1) TMI 1411 - HC - CustomsRelease of seized goods - "unfinished leather" - petitioners are in particular aggrieved by the fact that they have been called upon to furnish security in the form of Bank Guarantees' equivalent to 30% of the 60% of the export duty in each case - Held that: - seeking security in the form of Bank Guarantee is uncalled for and, in a sense, dilutes the very essence of the order dated 22.12.2016, passed by this Court. This is more particularly so, as the respondents in the earlier round had not articulated before this Court that they would be requiring security towards fine and penalty in the form of a Bank Guarantee - the impugned communication(s) which requires furnishing of security in the form of Bank Guarantee is stayed - the respondents will release the subject goods forthwith, to the petitioners, upon fulfillment of conditions already stipulated in the order dated 22.12.2016 - petition allowed - decided partly in favor of petitioner.
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