2015 (7) TMI 879

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..... hen there was no lack of jurisdiction in passing the order and the order has not been prima facie perverse. We are, thus, of the view that sufficient ground has been made out to set aside the order passed by the Single Judge. - Decided in favour of Revenue. - WA. No. 1973 of 2014 - - - Dated:- 19-12-2014 - Ashok Bhushan, Ag. C.J. and A.M. Shaffique, J. Shri John Varghese, SSC, for the Appe .....

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..... estrained from premises of Leo s Angel Gold, Trissur) under Section 110A of Customs Act, 1962, subject to following conditions. (1) Petitioner is to execute a bond for ₹ 300,00,000/- (Rupees Three crores only). (2) Petitioner to furnish security amounting to ₹ 60,00,000/- (Rupees sixty lakhs only). This security can be in the form of either cash deposit or Bank Guarantee .....

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..... provisional release is permitted on simple bond, the whole purpose shall be frustrated. He submits that there was no error in the exercise of power in the Commissioner directing provisional release. The interim order passed by the learned Single Judge virtually allows the writ petition and grants the relief which could have been available at best at the time of final disposal of the writ petition. .....

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