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TMI Blog2012 (8) TMI 28X X X X Extracts X X X X X X X X Extracts X X X X ..... s not permissible under the explanatory note to Chapter 87 – Held that:- Goods allowed to be warehoused and at the time of ex-bonding the appellants shall produce required licence with endorsement thereon and after it is found in accordance with the law the adjudicating authority shall consider the same and if those are found in order shall release the goods - warehousing of the goods allowed - C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d filed bill of entry for warehousing. The goods were confiscated for violation of licensing note No.2 (2) (II) (a), (b), (c) of Chapter 87 of ITC (HS) and allowed to be re-export of payment of redemption fine of Rs.45.00 lakhs and a penalty of Rs.15.00 lakhs was also imposed under Section 112 (a) of the Customs Act, 1962. Aggrieved by the said order, the appellants are before us. 4. The Ld. Cou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oods at this stage, therefore, they be allowed to be warehouse the impugned goods and at the time of de-bonding, they will produce proper documents for release of the goods by claiming the benefit of the licence issued to the buyer. 5. Considering the submissions made by the Ld. Counsel we find that the offer made by the Ld. Counsel is fair in the circumstances of the case. Therefore, we set asi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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