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2021 (6) TMI 1163 - CESTAT ALLAHABADPermission to appellant to reexport the jewellery since the consignee had not cleared the consignment from the Customs - applicant submits that if the jewellery is not reexported immediately the designs get outdated resulting in huge pecuniary loss - HELD THAT:- The Final order has only set aside the penalties under Section 112, 114 and 114AA. It is undisputed that the jewellery was sent by the appellant to M/s Vee Ess Jewellers Pvt. Ltd., Noida for re-conditioning who had not cleared it from the Customs. No redemption fine has been imposed upon the applicant nor has any notice been issued to the applicant for confiscation of the jewellery. If Revenue succeeds in its appeal before the Hon’ble High Court, the penalties imposed upon the applicant may be restored. The applicant is directed to submit a bank guarantee for Rs. 10 lakhs in favour of the Commissioner of Customs (Export), Air Cargo Complex, New Delhi with a copy of this Order and keep the Bank Guarantee alive till the disposal of the appeal filed by the Department before the Hon’ble High Court of Allahabad - application disposed off.
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