2013 (12) TMI 1094

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..... suggested by the authority (DRI) who issued the show cause notice, the interests of justice would be served if the respondents are directed to release the helicopter provisionally on the condition of bond for the full value of the helicopter and the bank guarantee of 5% value of the helicopter - Decided partly in favour of assessee. - Writ Petition 8914 of 2013 - - - Dated:- 18-10-2013 - Mohi .....

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..... during the pendency of the adjudication proceedings. 3) Learned Counsel for the petitioner submits that the petitioner is a bonafide purchaser of the helicopter for value without notice and if at all there is any breach of any condition of import, the importer is liable for the same. At the most, the petitioner is liable to pay redemption fine. Learned Counsel for the petitioner further submits .....

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..... s we are of the view that as the petitioner is not the original importer and a buyer of the helicopter in good faith, as is even suggested by the authority (DRI) who issued the show cause notice, the interests of justice would be served if the respondents are directed to release the helicopter provisionally on the condition of bond for the full value of the helicopter and the bank guarantee of 5% .....

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