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    <title>2018 (8) TMI 1025 - CESTAT BANGALORE</title>
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    <description>The Tribunal directed the respondents to release the tug upon payment of the redemption fine. The duty liability was to be appropriated from the bank guarantee submitted by the appellants, with an obligation for them to replenish the bank guarantee to that extent. The appellants&#039; request for the release of the tug was granted as they were not the owners of &#039;M.V. Shunter,&#039; imported on a re-export basis. The Order was pronounced in Open Court on 10/07/2018.</description>
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      <link>https://www.taxtmi.com/caselaws?id=365553</link>
      <description>The Tribunal directed the respondents to release the tug upon payment of the redemption fine. The duty liability was to be appropriated from the bank guarantee submitted by the appellants, with an obligation for them to replenish the bank guarantee to that extent. The appellants&#039; request for the release of the tug was granted as they were not the owners of &#039;M.V. Shunter,&#039; imported on a re-export basis. The Order was pronounced in Open Court on 10/07/2018.</description>
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