2015 (9) TMI 28

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....e Respondent. ORDER Mr. Nijhawan has reverted with instructions. He says that the calculation with regard to Condition No. 2(ii), which relates to execution of bank guarantee in the sum of Rs. 77,70,795/- for provisional release of goods in issue has been arrived at, in the following manner :- Assessable value of the goods arrived as suggested in SCN Value declared by the party as SCN Extent ....

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....ourt in Zest Aviation Pvt. Ltd. v. Union of India - 2013 (289) E.L.T. 243 (Del.) has, following the decision of the Supreme Court in the case of Commissioner v. Navshakti Industries Ltd. [2011 (269) E.L.T. A 146 (S.C.)] directed provisional release of the subject goods in that case (which incidentally was an Aircraft) based on the condition that security in the form of bank guarantee equivalent to....