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2018 (8) TMI 1413 - HC - CustomsSEZ Unit - Reexport the consignment of goods which the petitioner desired to import - detention of goods on the ground of wrong valuation - Held that:- Since investigation is still going on, the petitioner would also have full liberty to defend its position in adjudication that may be initiated - there is no observation made to prejudice one side or the other. What prima facie appears is that now that the goods are allowed to be re-exported, the question of payment of customs duty, on revised valuation even if it were to be ultimately established, would not survive. Of course there would be question of penalty and personal penalties in case the charges of mis-declaration while attempting to import the goods are established - the condition of Bank Guarantee to 25% of the customs duty that may be leviable on the re-determined value of the goods. The condition for providing bond for the remaining value of the goods remains unchanged upon which condition being fulfilled within three weeks, the petitioner may be permitted to reexport the goods. Petition disposed off.
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