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2015 (1) TMI 531 - HC - CustomsSeizure of goods - provisional release of the goods - Held that:- As is evident from a reading of the impugned order, over and above the duly paid, i.e. ₹ 10.09 lakhs, the Commissioner has insisted upon execution of a bond for the re-determined value of the goods, i.e., ₹ 84,79,376/-. In addition, he has insisted upon furnishing a bank guarantee to the tune of ₹ 30 lakhs and payment of differential duty of ₹ 12,15,577/-. Under normal circumstances, this Court would have relegated to the petitioner to the remedy of appeal to the CESTAT. However, we are of the opinion that since the petitioner had already approached this Court and having regard to the nature of the goods and the order, this Court is of the view that the conditions are excessive, in the circumstances, the goods are directed to be released upon the petitioner furnishing differential duty and on furnishing a bond for ₹ 20 lakhs. Upon compliance with these directions, the goods are directed to be released. - Decided partly in favour of assessee.
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