2015 (2) TMI 377

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.... ORDER Rajive Bhalla,J. (Oral ) The petitioner prays for issuance of a writ of certiorari for quashing the provisional release order dated 22.12.2014 insofar as it directs the petitioner to furnish a bank guarantee of 25% of the differential assessable value to be determined at the time of provisional duty assessment. Counsel for the petitioner submits that as the petitioner has deposited Rs. 3....

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....anded and has undertaken to pay the entire amount of differential duty as may be determined and put up on the department's website. The respondents have demanded a bank guarantee as a precondition to the release of goods, apparently to protect the interest of the revenue if any further amount is found due from the petitioner at the time of final adjudication. While considering the desirability....

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....o deposit the differential duty. The respondents have not pointed out any circumstance that may raise an apprehension that the appellant will not discharge liability qua any amount that may be assessed at the time of final adjudication. The petitioner has agreed to furnish a bond/personal guarantee/undertaking to discharge this liability. Consequently, we quash the condition requiring the assessee....