9911796707
TMI Blog2018 (8) TMI 1025X X X X Extracts X X X X X X X X Extracts X X X X ..... e said tug to the respectful owners - the request of the appellants can be accepted. The respondents are directed to release the tug on payment of redemption fine of ₹ 8,00,000/-; duty liability of ₹ 1,32,13,016/- may be appropriated from the bank guarantee submitted to the appellants; the appellants shall, however, replenish the bank guarantee to that extent in adherence to this Be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rdered that bank guarantee of ₹ 3.5 crore executed by the applicants may be kept alive during the pendency of the appeal. The applicants have also deposited ₹ 43,23,515/-. 2. The appellants vide letter dated 23.05.2018 requested the Commissioner of Customs, Cochin to release the tug on payment of redemption fine of ₹ 8,00,000/- as imposed in the impugned order so that they can ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onfiscation of goods is imposed under sub-section (1), the owner of such goods or the person referred to in sub-section (1) shall, in addition, be liable to any duty and charges payable in respect of such goods. Therefore, the appellant requested for release on redemption fine may not be acceded to. Then, the learned Counsel for the appellants submitted that the Department may appropriate the duty ..... X X X X Extracts X X X X X X X X Extracts X X X X
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