2019 (10) TMI 697

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..... for the Respondent ORDER RAMESH NAIR : This is an appeal filed by the appellant against order-in-original whereby order of the Principal Commissioner, Customs House, Mundra was communicated by Assistant Commissioner, Import Section, Customs House, Mundra, according to which the order of provisional release of the imported goods was passed. Ld. Principal Commissioner put a condition to furnish .....

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..... ire duty amount, interest and penalty despite the fact that Principal Commissioner ordered for execution of bank guarantee for Rs. 85Lakh. He further submits that this Tribunal in the case of Radha Trading vs. CC, Kandla vide order No. A/11292-11299/2018 dated 02.07.2018 disposed the appeal on the identical issue of provisional release wherein bank guarantee to the tune of entire differential duty .....

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..... posed to give bank guarantee for 25% of the bond amount on the ground that major amount of Rs. 87Lakh has already been paid. We also find it sufficient to safeguard the interests of the Revenue, if bank guarantee of 25% of the bond amount is furnished. Accordingly, we reduce the amount of bank guarantee from Rs. 85 Lakh to 25% value of the seized goods. 5. The impugned order stand modified to the .....

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