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2018 (10) TMI 1332 - AT - CustomsClassification of imported goods - consignment of water filter fitting Reverse Osmosis (RO) Membrane - whether classified under CTH 84212120? - Held that:- The condition of provisional release appears to be financially tough on the part of the appellant and since the appellant is providing a bond of full value of seized goods and as the importer is a regular importer, it is proper to revise the above-mentioned conditions of the provisional release and allow the seized goods to be taken on provisional basis by complying with the following conditions:- (i) that the importer will furnish bond for the full value of the seized goods in a proper format of the bond prevalent in the Customs Department; (ii) at the time of the release of the goods the importer will make full payment of the duty assessed on the declared value of the import consignment; (iii) that as a security to the above-mentioned bond a bank guarantee of ₹ 5,00,000/- will also be submitted to the Customs Department. The bank guarantee shall contain the auto renewal clause. Appeals are allowed with the direction to the Customs Department that on compliance of the above conditions the goods may immediately be released to the appellant.
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