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2021 (2) TMI 207 - AT - CustomsProvisional release of seized goods - condition of bank guarantee is exorbitant - seeking reduction in the amount of the bank guarantee - HELD THAT:- This tribunal considering all the common facts came to the conclusion that for provisional release of the goods bond of the total value of the goods and bank guarantee of the amount of 50% of the total duty is sufficient. The seized goods shall be released on furnishing bond of total value of the goods with bank guarantee of the amount of 50% of the total duty - Appeal allowed - decided in favor of appellant.
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