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TMI Blog2022 (10) TMI 1138X X X X Extracts X X X X X X X X Extracts X X X X ..... g in the show cause notice which suggests that the petitioner was aware of the fact that the vehicle in question was brought into the country without payment of duty for use of the Cambodian Embasssy and was thereafter, it was surreptitiously sold without payment of the necessary Customs Duty. The petitioner shall pay 50% of the customs duty mentioned in Ext.P5 and will also execute a bank guarantee for the balance 50%. The bank guarantee will be kept alive till the proceedings are completed in the matter - The petitioner shall execute a bond for a sum of Rs.84 lakhs (PD Bond) in the manner prescribed by the 3rd respondent. Writ petition is allowed. - WP(C) NO. 24916 OF 2022 - - - Dated:- 18-10-2022 - HONOURABLE MR. JUSTICE GOPINA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... icle is continued in the custody of Directorate of Revenue Intelligence and this would, in fact, be prejudicial to the interest of the revenue. 3. Adv.S.Manu, the learned Deputy Solicitor General of India appearing for the Directorate of Revenue Intelligence would submit that the proceedings initiated against the petitioner relate to a racket involved in the importing of high end cars into the country by misusing the provisions which permit the import of such cars without payment of duty. It is submitted that the car in question in this case was imported without payment of customs duty for the use of the First Secretary of the Cambodian Embassy and somehow, the car was later registered in the name of a fictitious person in Himachal Prade ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... notice (Ext.P7) proceeds on the basis that the petitioner had purchased the vehicle from a second hand car dealer in Chennai. At present there is nothing in the show cause notice which suggests that the petitioner was aware of the fact that the vehicle in question was brought into the country without payment of duty for use of the Cambodian Embasssy and was thereafter, it was surreptitiously sold without payment of the necessary Customs Duty. ii) The vehicle being a high end car is likely to deteriorate in condition and value, if the vehicle is not taken care of and used in a proper manner. This will be prejudicial to the interest of the revenue (if ultimately the vehicle has to be sold for the purpose of realizing the revenue rightly d ..... X X X X Extracts X X X X X X X X Extracts X X X X
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