TMI Blog2015 (1) TMI 531X X X X Extracts X X X X X X X X Extracts X X X X ..... ₹ 84,79,376/-. In addition, he has insisted upon furnishing a bank guarantee to the tune of ₹ 30 lakhs and payment of differential duty of ₹ 12,15,577/-. Under normal circumstances, this Court would have relegated to the petitioner to the remedy of appeal to the CESTAT. However, we are of the opinion that since the petitioner had already approached this Court and having regard to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ehalf of second respondent. 2. The petitioner is aggrieved by the imposition of what are alleged to be onerous conditions for provisional release of goods in terms of the Regulations made in that regard in 2011. The petitioner had imported maintenance free batteries; it had deposited the customs duty on the declared value, which amounts to ₹ 10.09 lakhs. The DRI seized the goods on 10-9-2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd should remain valid up to the finalization of case and should have self renewal clause. (3) Execution of Bank Guarantee of ₹ 30,00,000/- to cover fine and penalty on the seized goods. Bank Guarantee should remain valid up to the finalization of case and should have self renewal clause. (4) Solvency Certificate. (5) Undertaking of the importer that identity and quality ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sisted upon execution of a bond for the re-determined value of the goods, i.e., ₹ 84,79,376/-. In addition, he has insisted upon furnishing a bank guarantee to the tune of ₹ 30 lakhs and payment of differential duty of ₹ 12,15,577/-. Under normal circumstances, this Court would have relegated to the petitioner to the remedy of appeal to the CESTAT. However, we are of the opinion ..... X X X X Extracts X X X X X X X X Extracts X X X X
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