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Issues involved: The judgment addresses the following substantial questions of law:
a) Correctness of CESTAT's decision on confiscation under section 111(j) of the Customs Act, 1962 regarding permissions for vessel conversion and port clearance. b) Properness of goods clearance based on port permissions despite Bills of Entry filed for home consumption under section 46 without section 47 permissions. c) Treatment of imported goods as foreign vessels needing conversion permissions, and compliance with section 47 for clearance. d) Applicability of confiscation under section 111(j) in relation to goods removal and clearance definitions. e) Correctness of confiscation under section 111(j) considering importers' readiness to pay duty before clearance u/s 47. Judgment Details: 1. The High Court admitted the case based on the substantial questions of law raised. These questions primarily revolve around the interpretation and application of various sections of the Customs Act, 1962 by the Customs, Excise and Service Tax Appellate Tribunal (CESTAT). 2. The Court provided interim relief to the petitioner, directing the respondent to furnish a bond for penalty and fine, along with a bank guarantee. The existing bank guarantee was to be returned upon compliance with the new guarantee requirements. This interim order was made pending the final disposal of the appeal. 3. Notice waiver was granted on behalf of the respondents, indicating their acknowledgment or agreement with the proceedings without the need for formal notice. This judgment from the Bombay High Court delves into the nuanced legal aspects of customs regulations, specifically focusing on the interpretation and application of relevant sections of the Customs Act, 1962. The Court's decision on the substantial questions of law raised by the parties sheds light on the complexities surrounding permissions, clearances, and confiscations in the context of importation and customs compliance.
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