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2012 (9) TMI 464

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..... valent to 75% of the value of the goods, as fixed by the authorities concerned, at USD29.5 per kilogram. For the balance 25% of the customs duty payable by the petitioner, the petitioner shall furnish a personal bond to the satisfaction of the respondents. - W.P. No.23353 of 2012 - - - Dated:- 5-9-2012 - MR.JUSTICE M.JAICHANDREN, J. For Petitioner : Mr . K . Jayachandran For Respo .....

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..... in favour of the respondent-Customs department, in respect of 50% of the difference in duty, to be kept alive till the adjudication process is completed. (3) In respect of the remaining 50% of the difference in duty, the petitioner shall furnish a personal bond to the satisfaction of the authority concerned. On the petitioner fulfilling the aforesaid conditions, the respondent shall release th .....

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..... as follows:- "4 I further submit that the previous consignments, which were provisionally released on the order dated 28.01.2011 of the Hon'ble High Court of Madras in W.P.No.1879/2011, 3325/2011 and 3326/2011 were finalized after issuing the Show Cause Notice proposing to adopt the value as per the contemporaneous import price noticed at USD29.5. per KG and Order-in-Original No.18041/2012 date .....

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..... customs duty equivalent to 75% of the value of the goods, as fixed by the authorities concerned, at USD29.5 per kilogram. For the balance 25% of the customs duty payable by the petitioner, the petitioner shall furnish a personal bond to the satisfaction of the respondents. 6 Pursuant to the release of the goods in question, on the petitioner complying with the above said conditions, the respon .....

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