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2019 (3) TMI 1341 - AT - CustomsProvisional release of seized consignments - LED monitors - Revenue was of the opinion that these were television monitors - Held that:- Even after lapse of more than one year and three months we are not in a position to be told that whether proceedings under Section 124 have been commenced or not. Revenue is not in a position to say whether 110(2) extension has been granted or not. However, since appellant have been pursuing with regard to modification of order of provisional release of the seized goods we agree to the prayer made with respect to the terms and conditions - Bank guarantee equivalent to 100% of differential duty and probable redemption fine and penalty cannot be justified, even to the extent as modified by the Commissioner(Appeals). Revenue is directed to allow provisional release on execution of bond of value and bank guarantee of ₹ 7 lakhs within a period of one month from date of receipt of this Order - appeal allowed in part.
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