TaxTMI 
TaxTMI 
2004 (3) TMI 784
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....ng up of the steel plant in the year 1997. Among various items imported by the petitioner No.1 were bearings, which were required to be mounted on various machineries. They were bonded under Bond No.10/95-96 darted 7.3.1996 and 2/96-97 dated 19.4.1996. The Officer of the directorate of Revenue Intelligence, Zonal Unit Bangalore visited the premises of the petitioner along with independent witnesses to inspect the installation of the goods covered under the above mentioned bonds and verified the same in the presence of Sri. K. Sarovar, the Chief General manager of the petitioner's plant. The bearings valued at ₹ 1,15,88,315/- were seized under a mahazar dated 22.11.1997 for further action. The custody of the seized goods was handed ove....
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.... taken up for final disposal. 4. Sri Habibulla Basha, learned senior Counsel appears for the petitioners. He complaints that the Commissioner has totally ignored the findings of the Tribunal and also the directions of this Court. He further says that he has made certain unwanted remarks against the Counsel in his order. He took me through the order. 5. Sri. Ashok Haranahalli, learned Senior counsel appears for the Department. His initial objection is with regard to the maintainability of the Writ Petition in the light of a statutory remedy being available by way of an appeal to CEGAT. 6. After hearing the learned Counsel I am of the view that in the light of a statutory remedy available to the petitioner, it is unnecessary for me to go i....