TMI Blog2020 (1) TMI 1181X X X X Extracts X X X X X X X X Extracts X X X X ..... rder of provisional release? - HELD THAT:- The petitioner would put an amount of ₹ 25,00,000/- in an escrow account and on its part, the competent authority would determine the question of admissibility of interest and its rate, if any, after adjudicating the dispute with regard to recovery of duty from the petitioner after giving opportunity of hearing to the petitioner - Once the escrow ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ated that these two issues would have to be decided in appropriate proceedings by an appropriate authority but for the duty amount of ₹ 15.50 lakhs, the account of the petitioner cannot be freezed. On the other hand, Mr. Sourabh Goyal, Advocate who has entered appearance on behalf of the respondents states that amount is not only ₹ 15.50 lakhs but as per directions of this Court (in th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the competent authority would determine the question of admissibility of interest and its rate, if any, after adjudicating the dispute with regard to recovery of duty from the petitioner after giving opportunity of hearing to the petitioner. A final reasoned order be passed in this regard in accordance with law. Once the escrow account is created, the bank account of the petitioner would be de-fr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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