9911796707
TMI Blog2017 (10) TMI 860X X X X Extracts X X X X X X X X Extracts X X X X ..... rmed the petitioner that the outcome of the Revenue's appeal is shortly awaited by letter dated 23.01.2017. The present stage of the matter has not been placed before the Court by the Revenue - the respondent directed to release the gold/ jewellery for the purpose of re-export, subject to the petitioner complying with the condition imposed by the Commissioner (Appeals-I) - petition disposed off. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the Customs Act, 1962 read with Foreign Trade (Development and Regulation) Act, 1992 giving an option to the petitioner to redeem the same for re-export/release on payment of fine of ₹ 50,00,000/- under Section 125 of the Act. It was further ordered that the petitioner has to pay appropriate rate of duty in foreign convertible currency at 10% upto 1 kg and 36.05% on the remaining quantity ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he respondent to release the gold/jewellery in terms of the directions issued by the Commissioner (Appeals-I). Since these representations were not taking in the consideration, the petitioner has filed this writ petition. 4.The learned Senior Standing Counsel appearing for the respondent pointed out that as against the order passed by the Commissioner (Appeals-I), the Revenue has preferred Rev ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... come of the Revenue's appeal is shortly awaited by letter dated 23.01.2017. The present stage of the matter has not been placed before the Court by the Revenue. 6.Thus, considering the above facts and circumstances, the Writ Petition is disposed of, by directing the respondent to release the gold/ jewellery for the purpose of re-export, subject to the petitioner complying with the condition ..... X X X X Extracts X X X X X X X X Extracts X X X X
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