2011 (2) TMI 228

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.... petition has been filed challenging the impugned order of the first respondent, dated 27.12.2010, directing the petitioner to furnish a bond for Rs.1 crore and a bank guarantee for a sum of Rs.65,00,000/-, in favour of the first respondent, for the provisional release of the vehicle in question.   2. The petitioner has stated that he had purchased the Maserati Car, bearing Registration No....

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....He had undervalued and misdeclared the value of the vehicle and therefore, he is liable to pay the differential duty of Rs.52,02,233/-. He is also liable to pay the penalty, under Section 114 of the Customs Act, 1962.   5. It had also been stated that the petitioner has not shown sufficient evidence to substantiate his claim that he is the owner of the vehicle. It had also been submitted t....

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....ehicle in question, showing prima facie proof of the purchase of the vehicle by the petitioner.   7. In such circumstances, the first respondent is directed to release the vehicle bearing Registration No.MP-09-CD-9399, on the petitioner furnishing a personal bond for a sum of Rs.1 crore, to the satisfaction of the first respondent. The petitioner shall also produce the vehicle in question ....