2009 (4) TMI 205

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..... oner imported Untitled two Learjet air crafts vide Ext. P1 bill of entry. It is stated that these two air crafts are non-flyable and are for demonstration purposes only, for the benefit of the students in College of Engineering run by the Petitioner. 3. On an earlier occasion, praying for provisional assessment and release of the air crafts the petitioner had filed a writ petition before this co .....

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..... ble thereafter." 5. Petitioner submits that the valuation done is exorbitant. He is relying on Ext. P2 bill of entry filed by him and Ext. P6 valuation statement furnished by a Chartered Engineer appointed by the respondents themselves. Counsel also relies on Ext. P7, a bill of entry in respect of another air craft imported by the petitioner. Thus relying on these documents the Petitioner conten .....

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..... was much less. Therefore Ext. P6 report was not accepted by the respondents. It is stated that accepting the aforesaid declared value for a contemporaneous import, the number of air craft being two, the respondents have demanded bond for double the value. It is stated that the bank guarantee demanded included the duty, possible fine and penalty. 7. The facts of the case being as above, I do not .....

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