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2013 (10) TMI 338 - AT - CustomsImport of deodorant at Tuticorin port which was not allowed - non Fixation of MRP – Undervaluation – Waiver of Pre-deposit - Held that:- From the adjudication order, we note that differential duty is determined at Rs.8,04,175/-. There is a redemption fine of Rs.2 lakhs and personal penalty of Rs.5 lakhs - dues adjudged itself is only around Rs.15 lakhs - As against that, applicants have been made to execute a bank guarantee of Rs.25 lakhs which was not a fair and arrangement for release of the goods - the valuation of the goods also needs to be examined in view of the issues being pointed out by the applicant - we consider it proper to waive pre-deposit of dues arising from the order for admission of appeal - It is so ordered subject to the condition that the bank guarantee is kept alive till disposal of the appeal - Stay granted.
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