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2016 (3) TMI 988 - HC - CustomsSeeking provisional release of seized goods with modification in conditions - Machines imported under EPCG scheme - Petitioner firm would be required to fulfill the export obligation in terms of the EPCG scheme authorization granted to it - Held that:- without entering into the merits of the contentions of the rival parties, the interests of justice would be served if the order of provisional release of the seized goods is modified that the requirement of petitioner to furnish a bond for the full value of the goods is required to be sustained, the requirement of petitioner to furnish bank guarantee for full duty amount is required to be modified by directing the petitioner to furnish a bank guarantee to the extent of 30% of the duty amount in line with the decision of the Supreme Court in Commissioner of Customs, ICD, TKD, New Delhi v. Navshakti Industries Pvt. Ltd [2011 (5) TMI 149 - SUPREME COURT] and also requiring to furnish a bank guarantee of ₹ 43.50 lakh. - Petition disposed of
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