2012 (9) TMI 81

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..... sit – Held that:- Decision of the Tribunal having assumed finality, is not open to the respondent authorities to either withhold release of the bank guarantees or to withhold refund - respondent authorities directed to forthwith release the bank guarantees and further to refund the deposit - 1593 of 2010 - - - Dated:- 20-1-2011 - Indira Banerjee, J. REPRESENTED BY : Shri Sudhir Kr. Meheta, .....

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..... ods, as proposed in the show-cause notice. The Adjucating Authority imposed a fine of Rs. 4 (four) lacks and a penalty of Rs. 4 (four) lacks on the petitioners. 5. Being aggrieved the petitioners preferred an appeal before the Customs, Excise Service Tax Appellate Tribunal, herein after referred to as The Tribunal . 6. At the time of hearing of the appeal, the petitioners were required to p .....

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..... nd of the sum of Rs. 1.20 lacks deposited pursuant to the order of the Tribunal. 9. The writ application is disposed of by directing the respondent authorities to forthwith release the bank guarantees and further to refund the deposit of Rs. 1.20 lacs along with interest in accordance with the provisions of Section 129EE of the Customs Act, 1962. The amount shall positively be refunded within 60 .....

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