2013 (11) TMI 634

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..... onsignment will be kept as security. In addition to such security, the petitioners will give corporate bond of the entire valuation as demanded by the respondent and will give bank guarantee of 25% of the differential duty. On furnishing of such bond and bank guarantee as indicated above, the respondent authority will release three of the consignments detaining the remaining one. This order will a .....

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..... . Counsel’s submission that one of the consignment is lying with the department, which is of value of approximately Rs.40 lakhs, we consider the compliance made by the appellant on the direction Hon'ble High Court, as enough to hear and dispose the appeals - applications for waiver of pre-deposit of balance amount of duty, interest and penalties imposed are allowed and recovery thereof stayed till .....

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..... gh Court. 2. Ld. D.R. submits that the appellant has complied with the order of Hon ble High Court. 3. On perusal of the records, we find that Hon'ble High Court has directed the appellant to follow the directions which are reproduced hereunder: After hearing the ld. Counsel for the parties and after going through the materials on record, we find that the petitioners have disputed the fi .....

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..... ignments and remaining one consignment will be kept as security. In addition to such security, the petitioners will give corporate bond of the entire valuation as demanded by the respondent and will give bank guarantee of 25% of the differential duty. On furnishing of such bond and bank guarantee as indicated above, the respondent authority will release three of the consignments detaining the rema .....

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..... swer to the show cause notice within three weeks from today. In default of the same, the respondent authority will be free to adjudicate the matter exparte. 4. Since the main appellant in this case has followed the direction, ld. Sr. Counsel s submission that one of the consignment is lying with the department, which is of value of approximately Rs.40 lakhs, we consider the compliance made by th .....

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