9911796707
TMI Blog2020 (6) TMI 560X X X X Extracts X X X X X X X X Extracts X X X X ..... Section 110 of the Customs Act and proviso added later on enables the Principal Commissioner of Customs or Commissioner of Customs to give further period of six months by informing the person after recording the reasons which, in the instant case has already been done. However, the extension would not come into play in case the goods are provisionally released under Section 110(a). The equity ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arrying on the business of goldsmith for the last 20 years under the name and style Sreekrishna Tools and holding a valid licence issued by Vallachira Grama Panchayath, Thrissur which is valid up to 31.03.2020 (Ext.P1). For expansion of the business the petitioner availed overdraft facility from the State Bank of India for an amount of ₹ 25 lakhs and ₹ 27 lakhs from Axis Bank as per ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... request dated 24.10.2019 (Ext.P5). Investigating Officer directed the petitioner to appear and on appearance, one more Mahazar, regarding the quality of the gold, was prepared showing the details of gold and certification. But neither any action on the application for provisional release nor actual release has been carried out despite the fact that the period of six months have elapsed. 4. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion for provisional release and in case this court issues appropriate direction, the same shall be adhered and regarded by affording an opportunity of hearing to the petitioner. 5. Having heard the learned counsel for the parties and appraised the paper book, the facts with regard to seizure of the gold the extension of time and its communication to the petitioner much less issuance of the ord ..... X X X X Extracts X X X X X X X X Extracts X X X X
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