2012 (4) TMI 257

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....fittings and Buttons, from China. As such, the petitioner had entered into a sale contract with M/s.Fujian Gaolibao Decorate Gift Company, Fengze District, Quanzhou, Fujian, China, for the purchase of Belt Buckles, with certain specific conditions. The consignments relating to the writ petitions had reached Chennai Port, on 5.12.2011 and 12.8.2011. The petitioner had filed the Bills of Entry, dated 5.12.2011 and 3.12.2011, through its Customs House Agent M/s.Combined Freight Forwarders, for the assessment and clearance of the goods in question. The petitioner had also filed the relevant supporting documents before the second respondent, including the Bill of Lading, Packing List, Invoice and the Sales Contract. As per the declared value in ....

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....espondents had also placed before this Court a communication, dated 13.3.2012, issued by the Deputy Commissioner of Customs (Special Intelligence and Investigation Branch), Chennai, addressed to the petitioner, stating that the Joint Commissioner of Customs (Import) has offered a provisional release of the goods imported vide Bills of Entry No.5368893, dated 3.12.2011, and 5381670, dated 5.12.2011, subject to the petitioner s executing the bonds for Rs.48,54,000/- and furnishing of a bank guarantee of Rs.18,00,000, besides the payment of duty on the re-determined value of the goods. In such circumstances, the learned counsel appearing on behalf of the petitioner had submitted that the communication issued by the Deputy Commissioner of Custo....