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2019 (10) TMI 1443 - HC - CustomsProvisional assessment and release of goods - demand of bank guarantee equivalent to 10% of differential duty - import of Areca Nuts - benefit of exemption under ISFTA Exemption Notification - HELD THAT:- It is deemed appropriate to dispose of the writ petition directing the authorities to allow provisional release of the goods in favour of the petitioner subject to the petitioner executing a bond for a sum equivalent to the 100% of the value of goods and furnishing a security in the form of a Bank Guarantee for a sum of equivalent to 30% of the differential duty, with an auto renewal clause and as per RBI guidelines. The writ petition is disposed of.
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