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TMI Blog2016 (8) TMI 1067X X X X Extracts X X X X X X X X Extracts X X X X ..... a bond for 100% of the full assessment value and, in view of the statement of the Petitioners, upon payment of the full duty, without prejudice to their rights and contentions in the further proceedings if any. - Petition disposed of - W.P.(C) 6667/2016 & W.P.(C) 6668/2016 - - - Dated:- 1-8-2016 - S. MURALIDHAR NAJMI WAZIRI JJ. Petitioner Through: Mr. Pradeep Jain, Advocate Respond ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... addressed to the Commissioner of Central Excise, DGCEI, the Petitioners had applied for the provisional release of the seized goods. By a letter dated 25th February, 2016 the DGCEI communicated to the Commissioner of Central Excise, Lucknow Zone about the following specific conditions for the release of goods: In this regard, I am directed to request you to provisionally release the goods, p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntentions in the further proceedings if any. Therefore, there may be no occasion to require them to furnish a Bank Guarantee (BG) for 25% of the assessable value of goods, plant and machinery. In any event the condition for furnishing a BG for 25% of the value of the goods (as against the differential duty) is contrary to several orders passed by the Court including the one passed in Navshakti I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt of the counsel for the Petitioners, upon payment of the full duty, without prejudice to their rights and contentions in the further proceedings if any. 6. Mr. Narula will communicate this order forthwith to the Respondent No. 2 so that there is no further unnecessary delay in the provisional release of the goods to the Petitioners subject to the above modified conditions. 7. In the even ..... X X X X Extracts X X X X X X X X Extracts X X X X
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