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2016 (12) TMI 575 - CESTAT ALLAHABADValuation - mis-declaration of value of goods - heavy melting scrap - high-seas sale - provisional release of goods - Held that: - I find that the conditions imposed for “provisional release” are excessive and accordingly I modify the same as i) The first condition of payment of duty of the differential duty in full is waived; ii) The second condition to furnish a bond for the full value as re-determined is retained; iii) The third condition of providing the bank guarantee is modified and it is ordered to provide the bank guarantee for an amount of ₹ 5.00 lakhs only. Subject to fulfillment of above aforementioned modified conditions, the goods shall be released forthwith to the appellant after retaining samples, if any, required for the purpose of testing and adjudication. The appeal is allowed in part with further direction to the concerned Customs Authority to release the goods within three days on fulfillment of the modified conditions of the provisional release.
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