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2015 (10) TMI 2762 - MADRAS HIGH COURTSmuggling - concealment of gold within the Pallet boxes of the TVs imported - seizure and confiscation - HELD THAT:- Statement recorded with respect to concealed pallet boxes. To give quietus to the issue, the petitioner is hereby directed to furnish 100% Bank Guarantee for the value of the goods assessed within a week from the date of receipt of a copy of this order. On such furnishing of Bank Guarantee, the respondents shall release 7 pallet boxes except boxes 8 and 9 (B1 and B2). The other adjudication proceedings in accordance with the Customs Act may go on and the same shall be completed within a period of eight weeks. Petition disposed off.
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