TMI Blog2016 (5) TMI 226X X X X Extracts X X X X X X X X Extracts X X X X ..... rantee for a sum of ₹ 2,20,55,468/-(Rupees two crores twenty lakhs fifty five thousand four hundred sixty eight only) to the satisfaction of the first respondent and the Bank Guarantee, to be given by the petitioner, shall be in force till the adjudication proceedings is completed. It is made clear that the order passed in the present writ petition shall not stand in the way of the adjudicating authority, deciding the matter in accordance with law. The respondents are directed to release the goods, weighing 5558.010 Mts of Coils, within three days from the date of giving the Bank Guarantee by the petitioner. - Petition disposed of - W.P.No.10829 of 2016, WMP No.9456 and 9457 of 2016 - - - Dated:- 28-4-2016 - M. Duraiswamy, J. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rder to evade safeguards duty, which is applicable on impot of HR steel coils of grade SS 400 . 4. In addition to the goods imported vide bills of entry dated 11.01.2016, the respondents also orally placed under seizure the goods, imported previously by the petitioner company, vide bills of entry dated 25.11.2015. According to the petitioner, the goods imported previously did not contain any lable on the goods to the effect that they were of the grade SS 400 . The third respondent subsequently seized the goods imported vide bills of entry dated 11.01.2016 by the Seizure Memo dated 04.03.2016. Aggrieved over the seizure memo dated 04.03.2016, the petitioner has filed the above writ petition. 5. When the matter was taken up for hearin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... titioner would give Bank Guarantee for a sum of ₹ 2,20,55,468/- for the release of the entire goods, weighing 5558.010 Mts of Coils. 10. The learned Additional Solicitor General further submitted that it may be clarified by this Court that the order passed, now in the present writ petition, shall not stand in the way of the adjudicating authority to adjudicate the matter in accordance with law. 11. Having regard to the submissions made by the learned counsel on either side, since the learned counsel appearing for the petitioner agreed that he would give Bank Guarantee for a sum of ₹ 2,20,55,468/-, I direct the petitioner to give Bank Guarantee for a sum of ₹ 2,20,55,468/-(Rupees two crores twenty lakhs fifty five tho ..... X X X X Extracts X X X X X X X X Extracts X X X X
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