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2016 (8) TMI 877 - HC - CustomsProvisional clearance of seized goods - Valuation of imported goods misdeclaration IEC code sub-woofers amplifiers CD players search seizure under Section 110 of the Customs Act summon of a petitioner petitioner one of the partner statement recorded under section 108 of the Customs Act whereabouts of other partner not known Held that: - provisional release of goods permitted. The petitioner is directed to remit the entire duty as assessed by them and the differential duty . The petitioner is directed to execute a bond for the remaining amount to the satisfaction of the respondents. The petitioner shall execute an indemnity bond stating that in the event of missing partner raising any claim over the goods or concerning the use of IEC code issued in favour of M/s.Green Line, the petitioner alone would be fully responsible for the same and no liability can be fastened on the respondent Department and the indemnity bond should be furnished in the form approved by the respondents goods released - The respondent Department directed to proceed with the adjudication and while issuing show cause notice, notices should be issued to the Firm as well as to both partners and all the parties should co-operate with the adjudication proceedings petition disposed off decided in favor of petitioner.
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