Pre-deposit waiver and provisional release were granted, with goods secured by bank guarantee and bond conditions.

Waiver of pre-deposit and stay of recovery were granted pending appeal, as the interim relief was considered warranted on the facts presented. The imported goods were also ordered to be provisionally released on security conditions, namely a bank guarantee for the differential duty and a bond for fine and penalty. The note reflects interim customs and appellate relief focused on protection of the appellant's position during adjudication while securing revenue interests through conditional release of goods.

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Issues: Whether waiver of pre-deposit and stay of recovery were warranted pending appeal, and whether the imported goods were liable to provisional release on security conditions.

Outcome: Waiver of pre-deposit and stay of recovery were granted, and the goods were ordered to be provisionally released against bank guarantee for differential duty and bond for fine and penalty.

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