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2014 (7) TMI 777 - HC - CustomsOnerous conditions for provisional release of confiscated goods - discrepancy in the quantity of the goods - goods imported by the petitioner are lying in the ware house of the respondents department since 2011 - Held that:- provision release allowed subject to condition that, The petitioner is directed to pay 100% tax on the value declared by them i.e., ₹ 76,64,324/- as against the value of ₹ 1,39,73,896/- determined by the department - For the differential in duty i.e., ₹ 43,80,981/- the petitioner is directed to furnish bank guarantee - petitioner is also directed to execute a bond for 100% of the value assessed by the department. Decided partly in favor of assessee.
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