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2015 (12) TMI 924 - AT - CustomsRejection of request to tale vessel to UAE - Revenue denied request since said vessel was confiscated and redemption fine and penalty was levied - appellant had not complied with the orders and as such the permission cannot be granted - Held that:- a Bond of ₹ 33 crores have also been furnished with the Revenue - Further collection of amount demanded towards penalty and fine has been stayed by this Tribunal vide stay order dated 15.7.2014. Further we find that the interest of revenue is secured in view of the Bond and Bank Guarantee and also the pre-deposit made vide the said order dated 15.7.2014 of this Tribunal. Thus, we permit the appellant to take the vessel out of Indian Territorial waters for a period of 24 months for execution of the Time Charter Contract they have entered into with M/s Middle East Marine LLC subject to the condition that the appellant shall file an undertaking before the Authority stating the purpose of taking out of the vessel and further undertake to bring back the same within a period of 24 months from the date of release of the vessel - Appeal disposed of.
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