Home Case Index All Cases Customs Customs + AT Customs - 2016 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (3) TMI 558 - AT - CustomsProvisional release of aircraft - Seizure under Section 110 of the Customs Act, 1962 - Seeking relief from conditions imposed - Held that:- as the appellant possess a valid DGCA Licence for operating as Non Scheduled Passenger Aircraft and did not exported the aircraft for any other purpose which are re-imported but was sold the aircraft to the overseas buyer. Therefore, provisional release under Section 110 A of the Customs Act is allowed subject to execution of bond equivalent value of the goods of ₹ 128 crores(Rupees One hundred twenty eight crores only) and the bank guarantee is reduced from ₹ 25,89,44,000/- to ₹ 5,00,00,000/- (Rupees five crores only). - Decided partly in favour of appellant
|