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2020 (12) TMI 922 - HC - CustomsProvisional release of seized goods - enhancement of Bank Guarantee required to be furnished by the Petitioner - HELD THAT:- The Petitioner is required to furnish a Bank Guarantee in the sum of ₹ 15 Crores, pursuant to which the Respondents are required to release the seized goods in terms of the order of CESTAT dated 13.11.2019 as modified by the Supreme Court - It is thus open to the Petitioner to furnish a Bank Guarantee in the sum of ₹ 15 Crores to the satisfaction of the Competent Authority. The Competent Authority shall thereafter forthwith release the seized goods to the Petitioner, provisionally, on furnishing the requisite Bond as directed by CESTAT. Contempt petition disposed off.
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