2016 (4) TMI 721

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....e Respondent : Mr Kamal Nijhawan, Senior Standing Counsel with Mr Sumit Gaur, Advocates. ORDER 1. Allowed, subject to all just exceptions. 2. The application stands disposed of. 3. The Petitioner, which is a registered exporter, tendered a consignment of 'Goat Upper Finished Leather with Finishing Coat Colour Beige' for export through the Inland Container Depot, Tughlakabad, un....

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....d all the export goods having declared FOB value of Rs. 39,35,841/1 but, permitted the Petitioner to withdraw the goods on payment of redemption fine of Rs. 9,83,000/-. A further penalty of Rs. 3,93,000/- was imposed under Section 114(iii) of the Customs Act, 1962. 4. Allowing the Petitioner's appeal, the Commissioner passed an order dated 17th June, 2015quashing the aforesaid order of rede....

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....counsel for the parties, and considering that the goods in question are finished leather lying seized for more than a year, the Court is of the view that the appropriate course would be to permit the Petitioner to furnish a bank guarantee for the entire amount of redemption fine and penalty and for the goods be released to the Petitioner. 7. Accordingly, the writ petition is disposed of with th....