2013 (11) TMI 634

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.... Per: M.V. Ravindran: When these stay petitions are called, ld. Counsel submits that the issue involved in this case is regarding valuation of consignment of foils imported by them. It is his submission that at the seizure stage, this issue was carried by the appellant before Hon'ble High Court of Gujarat and Hon'ble High Court had directed them to abide by some condition, which they had compl....

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.... the petitioners submit that in the absence of documents seized from his client, his client was not in a position to answer such show cause notice. Mr. Parikh has further drawn our attention to the fact that some of the documents have been released ten days back. Mr. Parikh further disputes the valuation fixed by the respondent authority. In view of the fact that there are four consignments ....

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....e decision of the Delhi High Court in the case of Navshakti Industries Pvt. Ltd. Vs. Commissioner of Custom, ICD, TKD, New Delhi 2011 (267) ELT 483 (Del.), which has been affirmed by the Supreme Court vide order dt.04.05.2011. We are conscious that in the matter, the Supreme Court enhanced the security to 30%, but having regard to the fact that we have not permitted the release one of the four con....