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2015 (10) TMI 2762

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..... er is hereby directed to furnish 100% Bank Guarantee for the value of the goods assessed within a week from the date of receipt of a copy of this order. On such furnishing of Bank Guarantee, the respondents shall release 7 pallet boxes except boxes 8 and 9 (B1 and B2). The other adjudication proceedings in accordance with the Customs Act may go on and the same shall be completed within a period of .....

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..... oxes. 2. After notice, both the respondents have filed their counter affidavit. The 1st respondent in paragraph 4 of his counter has stated as follows:- ''It is respectfully submitted that in pursuance to the said intelligence, the said import consignment was examined on 26.06.2014. On examination of the said container, it is found to contain LED TVs in palletized conditi .....

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..... fficers found the wooden blocks in the middle of the reaper covered with black colour insulation tape pasted on it. The officers removed the black colour insulation tape and found a cavity in the said two wooden block and found two packets covered with black colour insulation tape concealed inside the cavities and further gap filled with white colour packing paper. Then the officers marked the woo .....

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..... found a total of five gold bars with foreign markings of 1000gms each. The officers then seized the five gold bars totally weighing 5000 grams and valued at ₹ 1,42,70,000/- along with the 200 pieces of LED TV sets with the market value of ₹ 1,25,85,000/- used as cover cargo by M/s.JMS Exports, Chennai for concealing the said foreign marked gold bars, under the provisions of Customs Ac .....

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