2015 (12) TMI 929

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....adeep Jain, Advocate. For the Respondent : Mr Satish Kumar, Advocate, Mr Amish Aggarwala with Mr Satish Aggarwala, Advocates ORDER The petitioner is aggrieved by the fact that the goods which have been detained by the respondents at the various godowns at Delhi, Ghaziabad & Thane have not been released despite the petitioner having been complied with the conditions of the provisional rele....

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....f estimated differential duty amounting to Rs. 33,87,526/-. (ii) On execution of bond for full value (seizure value in this case) of the goods, i.e. Rs. 1,17,90,039/-. (iii)On furnishing of Bank Guarantee of Rs. 10,16,260/-, i.e., 30% of differential duty, with auto renewal clause as per RBI guidelines. (iv)On furnishing an undertaking by the importer that the identity &....

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....sical release. Deputy Commissioner (SHB) ICD-Import, Tughlakabad It is evident from the above extract that the estimated differential duty came to Rs. 33,87,526/-. The petitioner states that it had during the course of investigation deposited a sum of Rs. 35,00,000/- voluntarily towards the differential duty which at that time was roughly estimated to be Rs. 35,00,000/-. Insofar as all th....

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....nd recovered in terms of the extended period under the provisions of Section 28 of the Customs Act, 1963 alongwith interest under the provisions of Section 28AB (28AA from 08.04.2011) of the Customs Act, 1962. The petitioner has also been required to show cause by virtue of the said notice as to why the amount of Rs. 35,00,000/- deposited voluntarily during investigation should not be appropriated....