https://www.taxtmi.com/caselaws?id=375349 The court allowed the application, directing the payment of a redemption fine of 10% of the goods' value, 1% of the penalty amount, and the furnishing of bank guarantees of Rs. 50 lakhs each. The court ordered the release of confiscated goods within two weeks upon meeting these conditions and stayed the penalties until the appeal's conclusion, providing interim relief to the applicants. en-us Thu, 14 Feb 2019 00:00:00 +0530 Thu, 20 Jun 2019 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375349 The court allowed the application, directing the payment of a redemption fine of 10% of the goods' value, 1% of the penalty amount, and the furnishing of bank guarantees of Rs. 50 lakhs each. The court ordered the release of confiscated goods within two weeks upon meeting these conditions and stayed the penalties until the appeal's conclusion, providing interim relief to the applicants. Case-Laws Customs Thu, 14 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375349