TMI Blog2018 (8) TMI 1606X X X X Extracts X X X X X X X X Extracts X X X X ..... rores and the Tribunal vide its Misc. Order dated 7.5.2014 has allowed the early hearing application and the matter was also listed for final hearing on 4.9.2014 but could not be heard finally on account of non-availability of the Bench - application disposed off. - C/MISC/20634/2018 in C/21052/2014-DB - Misc. Order No: 21059 / 2018 - Dated:- 27-8-2018 - Mr. S.S Garg, Judicial Member and Mr. P. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... redemption fine of ₹ 8 lakh and redemption of rig Mercury Focus on payment of redemption fine of ₹ 50 lakh under Section 125 of the Customs Act, 1962. The applicant has also filed stay application along with the appeal and also prayed for early hearing of the appeal as the amount involved in the case is approximately ₹ 13 crore. The Tribunal vide Misc. Order No.21136-21139/201 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 016/- may be appropriated from the Bank Guarantee submitted by the appellant and the appellant shall replenish the Bank Guarantee to that extent in adherence to this Bench s order dated 7.5.2014. The applicant has further submitted that the applicants intended to provide an additional Bank Guarantee of ₹ 1,32,13,016/- only towards replenishment of the existing Bank Guarantee of ₹ 3.5 c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erial on record, we find that the Tribunal vide its Misc. Order dated 10.7.2018 has directed the respondent to release the tug on payment of redemption fine of ₹ 8 lakh and duty liability of ₹ 1,32,13,016/- may be appropriated from the Bank Guarantee and the applicant would replenish the Bank Guarantee to that extent. We do not find any error apparent on the face of the record in the M ..... X X X X Extracts X X X X X X X X Extracts X X X X
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