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2017 (2) TMI 932 - MADRAS HIGH COURTProvisional release of confiscated goods - whether the petitioner is entitled to get the goods released provisionally u/s 110 A of the Customs Act by only after complying with the conditions stipulated in the impugned order? - Held that: - t is not in dispute that the subject matter goods is not a prohibited items, so that the same can never be released either provisionally or otherwise. On the other hand, the fact remains that the respondents agreed to release the goods provisionally, however, by insisting upon the petitioner to comply with the conditions stipulated in the impugned communication. When the petitioner himself has come forward to protect the interest of the revenue by paying differential duty in full, this Court is of the view that further interest of the revenue can be protected if the petitioner furnishes a bond for a sum of ₹ 40,00,000/- and bank guarantee for ₹ 5,00,000/- instead of furnishing a bond for ₹ 16,62,974/- and bank guarantee for ₹ 20,00,000/- as sought for in the impugned order. Petition allowed - decided partly in favor of petitioner.
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