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TMI Blog2020 (2) TMI 1560X X X X Extracts X X X X X X X X Extracts X X X X ..... nsidering the totality of facts of the case, the interests of justice would be met if the appellant gives a bond for the entire seizure value of the goods and makes a Security Deposit of ₹ 15.00 Lakhs in each of these cases. On execution of bonds and payment of security deposits, the seized goods shall be provisionally released. Petition disposed off. - Customs Appeal No. 77453 of 2019 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Provisional Release Order No. Seizure Value Security Deposit 1. Under C.No.VIII(10)17/CUS/HQRS.PREV/SH/2019-20/13390(A) dated 09.12.2019 ₹ 80.00 Lakhs 35% of the seizure value of the goods and Customs Duty i.e. ₹ 48,72,000/-. 2. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a Mouriya [2017 (345) E.L.T. 91 (Cal.)] in which the Hon ble High Court had held that redemption fine cannot exceed 25% of the value of the goods. He also relied upon the decision of Hon ble Allahabad High Court in the case of Shri Sai Ram Traders Vs. Commissioner of Customs (Preventive) [2019 (365) E.L.T. 699 (All.)], in which the Hon ble High Court has ordered release of the seized goods on taki ..... X X X X Extracts X X X X X X X X Extracts X X X X
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