Home Case Index All Cases Customs Customs + HC Customs - 2016 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (5) TMI 226 - HC - CustomsMisdeclaration of Import of Hot Rolled Steel Coil (with Chromium) Grade API 5L Gr B of various sizes - it was found that the steel coils contained a label, which was mentioned the grade as "SS 400", therefore, seized as misdeclared - Respondent submitted that as security, the petitioner may be directed to give Bank Guarantee for a sum of ₹ 2,20,55,468/- and on giving the Bank Guarantee, the respondents may be directed to release the goods. Held that:- since the petitioner agreed that he would give Bank Guarantee for a sum of ₹ 2,20,55,468/-, the petitioner is directed to give Bank Guarantee for a sum of ₹ 2,20,55,468/-(Rupees two crores twenty lakhs fifty five thousand four hundred sixty eight only) to the satisfaction of the first respondent and the Bank Guarantee, to be given by the petitioner, shall be in force till the adjudication proceedings is completed. It is made clear that the order passed in the present writ petition shall not stand in the way of the adjudicating authority, deciding the matter in accordance with law. The respondents are directed to release the goods, weighing 5558.010 Mts of Coils, within three days from the date of giving the Bank Guarantee by the petitioner. - Petition disposed of
|