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2012 (9) TMI 464 - MADRAS HIGH COURTProvisional release of the goods - import of silk yarn - Held that:- As the value of the silk yarn imported by the petitioner, from Vietnam, had been fixed, as USD29.5 per kilogram the respondents are directed to release the goods in question on the petitioner paying the customs duty equivalent to 75% of the value of the goods, as fixed by the authorities concerned, at USD29.5 per kilogram. For the balance 25% of the customs duty payable by the petitioner, the petitioner shall furnish a personal bond to the satisfaction of the respondents.
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