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2018 (12) TMI 76 - AT - CustomsProvisional release of seized goods - reduction in the amount of bank guarantee required for the provisional release - Valuation - enhancement of value based on NIDB data - Held that:- It is quite evident that the value that have been declared by the importer, has been enhanced as per NIDB data at the time of assessment of the consignments - there are no alternative, but to accept the same for the purposes of provisional release of the goods. The appellant is therefore directed to execute the bond of the enhanced value as per adjudication order backed by the Bank Guarantee of ₹ 20 lakhs in case of Bill of Entry No.30033470 and ₹ 15 lakhs for Bill of Entry No.3081944 - On Execution of Bond and Bank Guarantee as above, the Adjudicating Authority shall grant the provisional release of the consignment. The appeal filed by the Appellant is restored and disposed off in the above manner.
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