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TMI Blog2016 (5) TMI 226X X X X Extracts X X X X X X X X Extracts X X X X ..... RDER The petitioner has filed the writ petition to issue a Writ of Certiorari to call for the records pertaining to the impugned Seizure Memo, issued by the third respondent, dated 04.03.2016 issued in F.No.INV 04/2016-SIIB and quash the same. 2. The petitioner Company had imported Hot Rolled Steel Coil (with Chromium) Grade API 5L Gr B of various sizes, vide Bill of Entry dated 11.01.2016. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y by the officers of the respondents that the goods, in question, were seized on the reasonable belief that the petitioner company had misdeclared the grade as API 5L Gr B in order to evade safeguards duty, which is applicable on impot of HR steel coils of grade "SS 400". 4. In addition to the goods imported vide bills of entry dated 11.01.2016, the respondents also orally placed under seizure th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... irected to be released by the respondents. 6. Mr.Vikram Ramakrishnan, learned Standing Counsel, appearing for the respondents, on 07.04.2016, submitted that the matter may be adjourned for getting instructions with regard to the submissions made by the learned counsel for the petitioner. 7. According to the learned counsel for the petiitoner, 1111.602 Mts of Coil would satisfy the value of the g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... so agreed that the petitioner would give Bank Guarantee for a sum of Rs. 2,20,55,468/- for the release of the entire goods, weighing 5558.010 Mts of Coils. 10. The learned Additional Solicitor General further submitted that it may be clarified by this Court that the order passed, now in the present writ petition, shall not stand in the way of the adjudicating authority to adjudicate the matter in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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