The HC granted relief to the anonymized petitioner by partially...

The HC granted relief to the anonymized petitioner by partially setting aside the provisional release order issued by the 2nd respondent: the HC quashed the requirement that the petitioner furnish a bank guarantee of Rs. 9,00,000 and directed release of the impounded PVC-coated fabric subject to lesser conditions deemed sufficient to protect revenue interest. The HC expressly left the pending adjudication on alleged misclassification and undervaluation undisturbed, permitting the Department to continue proceedings on re-determination of value and duty. The petition is disposed of accordingly, with the modified provisional release conditions to govern immediate release without insistence on the quashed bank guarantee.