https://www.taxtmi.com/caselaws?id=207316 The court modified the conditions for the provisional release of seized goods, directing the petitioners to furnish bank guarantees for differential duty and CIF value. The petitioners were permitted to clear the cranes individually, with bank guarantees required for each clearance. The court upheld other conditions from the original order, emphasizing the discretion of the adjudicating authority in imposing release conditions based on specific circumstances. The challenge to the legality of the release orders was resolved in favor of the respondents, considering duty evasion and undervaluation allegations. en-us Mon, 25 Jul 2011 00:00:00 +0530 Wed, 09 Dec 2015 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207316 The court modified the conditions for the provisional release of seized goods, directing the petitioners to furnish bank guarantees for differential duty and CIF value. The petitioners were permitted to clear the cranes individually, with bank guarantees required for each clearance. The court upheld other conditions from the original order, emphasizing the discretion of the adjudicating authority in imposing release conditions based on specific circumstances. The challenge to the legality of the release orders was resolved in favor of the respondents, considering duty evasion and undervaluation allegations. Case-Laws Customs Mon, 25 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207316