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2014 (9) TMI 836

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..... This Court, therefore, directs the respondent no. 1 to take steps for final assessment of the duty which in no circumstances should exceed three weeks from the date of communication of this order. Needless to mention that while making a final assessment the authorities would adhere to the statutory procedures and the norms and shall see that the principle of natural justice is not violated. - Peti .....

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..... er directed to furnish a bank guarantee of the differential duty after the provisional assessment is made by the customs authorities and in addition thereto shall also submit the P.D. Bond. 2. The grievance of the petitioner is that after the provisional assessment, the petitioner submitted bank guarantee for a substantial amount and get the consignments provisionally released but thereafter no .....

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..... t is further submitted that Rule 3 of the said rules which is subject to Rule 12 further postulates that the authorities have to accept the value of the imported goods to be the transaction value provided the conditions incorporated therein are fully and substantially satisfied. 4. The learned advocate for the respondents could not apprise the Court whether any attempt is made by the respondent .....

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