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2022 (6) TMI 1342 - KARNATAKA HIGH COURTSeeking provisional release of seized vehicle - Evasion of duty by fraudulently availing duty exemption - HELD THAT:- The duty as per the respondents which is recoverable is Rs.60,13,920/-. Under the circumstances, it would be reasonable to ask the petitioner to deposit 50% of the maximum duty payable and provide bank guarantee in respect of other 50% along with necessary bond as demanded by the authority apart from an undertaking that the vehicle shall not be further encumbered or alienated pending disposal of the adjudication. The beneficial owner shall pay 50% of differential duty out of Rs.60,13,920/- and execute bank guarantee in respect of other 50% and shall keep it renewed and valid till final adjudication of case, or in the event of non-renewal of Bank Guarantee as above, the guaranteed amount be credited to the Government account by the bank on its own as prescribed in para 5 of the Circular No.35/2017-Customs dated 16.08.2017 - Shall execute a bond of Rs.29,48,000/- with an undertaking that they shall pay the duty, fine and/or penalty as may be adjudged by the Adjudicating Authority subject to appellate provisions under the Customs Act, 1962 as prescribed in para 5 of Circular No.35/2017-Customs dated 16.08.2017. Writ petition is disposed off.
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