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2018 (12) TMI 1370 - HC - CustomsProvisional release of the goods - finalization of assessment of past imports not done - Held that:- On one hand, there is thus considerable delay in finalizing the assessment of the past import and on the other hand, the petitioner's future imports are allowed to be cleared under strict conditions.On one hand, there is thus considerable delay in finalizing the assessment of the past import and on the other hand, the petitioner's future imports are allowed to be cleared under strict conditions. It would be open for the respondent to issue show cause notice/s for finalizing the past assessment of the imports which will be done within four weeks from today - Subject to the petitioner cooperating with such show cause notice proceedings, final order of adjudication shall be passed within three months of the petitioner filing reply to the show cause notice/s - The future consignments of the petitioner of the same goods may be released upon the petitioner furnishing bond of the 100% of the value of the goods and further furnishing 25% bank guarantee for the differential duty payable thereon. Petition disposed off.
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