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2018 (9) TMI 515

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..... re adjudication there need not be a cash deposit, since payment of duty as per the declared value and execution of bond has been insisted. There is also a further bank guarantee for ₹ 3,00,000/- from a Nationalised Bank towards probable fine and penalty - Appeal disposed off. - W.A. No. 586 of 2018 in W.P.C. No. 4724 of 2018 - - - Dated:- 8-3-2018 - K. Vinod Chandran and Ashok Menon, JJ. .....

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..... import of similar goods was made of identical value, declared by his own brother, the Commissioner had directed provisional release of the goods on payment of duty as per the declared value and executing a bond for ₹ 2 lakhs and there is no reason why the appellant should be discriminated. 3. The Learned Standing Counsel appearing for the respondent submits that it is precisely because of .....

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..... ne and penalty. The appellant shall furnish a bank guarantee for an amount of ₹ 8,00,000/- [Rupees eight lakhs] towards differential duty and an additional bond for ₹ 3,00,000/- [Rupees three lakhs] towards probable fine and penalty. The conditions at 3 and 4 of the impugned order shall stand modified to this extent. The conditions at 1 and 2 shall remain as such. The judgment of the L .....

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