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2010 (8) TMI 339 - CESTAT, MUMBAIRelease of goods - Having regard to the problems associated with the seizure of export goods, it has been decided that except for prohibited/contraband goods, the seized goods should be released provisionally and allowed to be exported on execution of a bond for an amount equivalent to the value of seized goods and probable fine and penalty which might be imposed - no demand of duty or penalty has been made - appellants are specifically directed “to execute a bond equivalent to the value of the seized goods and probable fine and penalty which might be imposed - appellants have already made a deposit of Rs. 10 lakhs to safeguard the interest of the Revenue, the order of execution of bank guarantees in both the shipping bills set aside and the appeals are allowed to that extent - goods to be released provisionally on execution of the bond
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