9911796707
TMI Blog2012 (11) TMI 126X X X X Extracts X X X X X X X X Extracts X X X X ..... the respondents, at USD29.5 per kilogram. The respondents are directed to release the goods in question on the petitioner paying the customs duty equivalent to 75% of the value of the goods at USD29.5 per kilogram & for the balance 25% the petitioner shall furnish a personal bond to the satisfaction of the respondents. The respondents shall complete the adjudication process, within a period of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hall pay the entire amount of duty, to the department, forthwith, as per the declared value, which may be based on the contract or price etc., as per the provisions of the Customs Act, 1962. (2)In addition, the petitioner shall provide sufficient bank guarantee, to the satisfaction of the authority concerned, drawn on any Nationalised Bank. The bank guarantee shall be in favour of the responde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sed representative and cooperate, fully in the adjudication process" 3. The learned counsel appearing on behalf of the respondents had further submitted that the value of the silk yarn imported by the petitioner, from Vietnam, had been fixed, as USD29.5 per kilogram and an Order-in-Original No.18041/2012, dated 03.02.2012, had been passed, confirming the said proposed value. Therefore, it is ope ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ons, the respondents shall complete the adjudication process, within a period of four weeks thereafter, by issuing a necessary show cause notice. It is made clear that on the issuing of the necessary show cause notice, the petitioner shall submit its objections, appear before the respondent through its authorised representative and co-operate with the department in the adjudication process. This ..... X X X X Extracts X X X X X X X X Extracts X X X X
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