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2020 (1) TMI 1181 - HC - Indian LawsAttachment of bank accounts of petitioner - Provisional release of goods - auction - whether the petitioner was justified in having auctioned the goods of the importer as also whether the importer was justified in not getting the goods released despite an order of provisional release? - HELD THAT:- The petitioner would put an amount of ₹ 25,00,000/- in an escrow account and on its part, the competent authority would determine the question of admissibility of interest and its rate, if any, after adjudicating the dispute with regard to recovery of duty from the petitioner after giving opportunity of hearing to the petitioner - Once the escrow account is created, the bank account of the petitioner would be de-freezed. Appeal disposed off.
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