TMI Blog2016 (2) TMI 926X X X X Extracts X X X X X X X X Extracts X X X X ..... ual to 100% of the value of the goods and further furnishing security in the form of a bank guarantee for a sum equivalent to 30% of the differential duty, with an auto renewal clause and as per RBI guidelines. - Petition disposed of - W.P.(C) 1536/2016 - - - Dated:- 22-2-2016 - JUSTICE S.MURALIDHAR AND JUSTICE VIBHU BAKHRU For the Petitioner : Mr M. P. Devnath, Mr Abhishek Anand and Mr Yo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Principal Commissioner of Customs. 4. The Court notices that the issue regarding the conditions imposed for provisional release of imported goods was the subject matter of the order dated 5th February, 2016 passed by this Court in W.P.(C) No.5833/2015 (Spirotech Heat Exchanges Pvt. Ltd. v. Union of India Ors.). The Court there referred to earlier decisions of this Court in Navshakti Indust ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 30% of the differential duty, with an auto renewal clause and as per RBI guidelines. 6. The rights and contentions of the Petitioner in respect of the substantive issues urged here are left open to be urged in the adjudication proceedings. 7. The petition and the pending application are disposed of in the above terms. Order dasti under the signature of the Court Master. - - TaxTMI - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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