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2016 (6) TMI 1379 - PUNJAB AND HARYANA HIGH COURTSeizure of goods - Furnishing of cash security/bank guarantee equivalent to 25% of the value of goods - HELD THAT:- That part of the goods seized by the department has become trash on account of the fact that the petitioner could not furnish the bank guarantee as sought by the department. For evasion of duty, the department is at liberty to initiate both criminal as well as civil action as per law. The goods which are lying seized in the factory premises/godown of the petitioner be released to the petitioner on deposit of the duty in advance and on furnishing B-11 bond towards future final penalty - the department shall not insist for bank guarantee of 25%of the value of goods. Petition disposed off.
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