Home Case Index All Cases Customs Customs + AT Customs - 2022 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (11) TMI 602 - AT - CustomsSeeking provisional release of seized containers - requirement of execution of bond supported by Bank Guarantee - HELD THAT:- Apparently in this case, against the estimated value of Rs.64,26,000/- of the seized goods, appellant has been directed to execute a bond of the estimated value supported by bank guarantee i.e. 50% of the estimated value. The Revenue authorities are directed to accept the offer made and provisionally release the goods on execution of a bond of value of Rs.64,26,000/- supported by bank guarantee of Rs.10,00,000/- for allowing the goods back to town. All other conditions as specified in the provisional release order dated 01.09.2021 shall stand. Appeal disposed off.
|