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2016 (10) TMI 863 - HC - CustomsImplementation of the order passed by the Commissioner of Customs (Appeals-I) - concealment of gold in baggage - confiscated gold was given an option to be redeemed on payment of redemption fine and penalty - quantum of fine and penalty reduced by Commissioner of Customs (Appeals-I) and this order seeks to be implemented by petitioner for release of gold - Held that: - The petitioner is directed to remit the entire amount as ordered to be paid as redemption fine by Commissioner of Customs (Appeals-I) as well as the personal penalty and furnish bank guarantee for a sum of ₹ 3,50,000/- and the remaining amount to be secured by a personal bond by the petitioner and her husband supported with full details, authenticated records, especially, proof of residence etc. and such bond shall be for the differential amount of redemption fine as well as the differential amount of the personal penalty within three weeks from the date of receipt of this order. On compliance of the above direction, the Department is granted 30 days time to release the seized goods for re-exportation. Within this 30 days which shall be computed from the date of furnishing bank guarantee and bond, it is open to the Department to secure orders from the Revisional Authority - petition disposed off - decided in favor of petitioner.
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