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2016 (1) TMI 339 - AT - Central ExciseConfiscation of the seized goods and currency - Denial of provisional release of Cash - Held that:- the provisional release of the currency is sought by the appellant only to discharge the demanded duty liability along with interest so that their case can be settled by the Settlement Commission. We find that realizing the full admitted duty liability along with interest is in the interest of the Revenue. The appellant vide their letter dated 17.06.2014 and again letter dated 7.4.2014 addressed to the jurisdictional Commissioner sought for appropriation and adjustment of the seized cash towards demand of duty and applicable interest. Even before the Hon'ble High Court, they have pleaded that they required the seized cash to be provisionally released to discharge duty liability with interest in this case so that they can approach again to the Settlement Commission for settling the case. Thus, in fact, release of the amount for payment of duty for settling the case would only safeguard the interest of Revenue. Appellant is eligible for provisional release of the cash seized on similar terms already considered by the Revenue while releasing the seized goods - Appeal disposed of.
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