TMI Blog2018 (10) TMI 335X X X X Extracts X X X X X X X X Extracts X X X X ..... that the Director of the petitioner Company files an Undertaking before this Court latest by 09.10.2018 that eventually, if the Court does not accept the petitioner’s contention noted above, then the petitioner shall furnish the remaining Bank Guarantee. Direct service for respondent nos.2 & 3 is permitted. - R/SPECIAL CIVIL APPLICATION NO. 15388 of 2018 - - - Dated:- 4-10-2018 - MR AKIL KUR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... prima facie appears is that now that the goods are allowed to be reexported, the question of payment of customs duty, on revised valuation even if it were to be ultimately established, would not survive. Of course there would be question of penalty and personal penalties in case the charges of misdeclaration while attempting to import the goods are established. Section 112 of the Act Customs Act p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Duty on the redetermined value of goods comes to ₹ 97,55,625/and therefore, 25% thereof would come to ₹ 24,38,906/. According to him, thus, the petitioner had to provide further Bank Guarantee of the difference amount of ₹ 15,20,183/. On 07.09.2018, therefore, he passed the impugned order asking the petitioner to provide further Bank Guarantee for the said sum. 3. Learned cou ..... X X X X Extracts X X X X X X X X Extracts X X X X
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