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2010 (9) TMI 358 - HC - CustomsRelease of goods – import of goods - Customs held the goods to be a restricted item – provisional release of detained goods - petitioner be allowed to clear the goods on payment of duty in full and 50% of the fine and penalty and. on furnishing a bond for the balance amount due – Held that: - if the Petitioner is willing to pay duty in full, and 50% of the fine and penalty and furnish bank guarantee for the balance amount due, goods shall be released to the petitioner - file appeal and obtain appropriate interlocutory orders, as otherwise, it will be open to the respondents to invoke the Bank Guarantee and realise its dues in full – Disposed of accordingly
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