2018 (2) TMI 1689

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....te for the Appellants Shri Ahibaran, Additional Commissioner (A.R.) for the Respondent ORDER Per : Ramesh Nair This appeal is directed against Order-in-Original 29/2017-18 dated 11-1-2018 passed by the Commissioner of Customs(Import-I), New Custom House, Ballard Estate, Mumbai, whereby Ld. Commissioner ordered for provisional release of the vessel Sagar Fortune (IMO No. 9458327) covered under ....

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.... 8901 is correct. She further submits that taking into consideration the issue involved on merit the condition of 30% of the bank guarantee imposed by the Commissioner is very harsh, the same may be relaxed. In support of her submission, she placed reliance on following judgments: (a) Hede Offshore Ltd Vs. CC[2014(303)ELT 119(Tri. Mumbai)] (b) HedeFeprominas Pvt Ltd Vs. CC[2016(334)ELT 540 (Tr....

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....e of 30% of the estimated value is reasonable or harsh. On going through board circular No. 35/07-Cus dated 16-8-17 whereby guidelines for provisional release of seized imported goods pending for adjudication under Section 11A of customs Act, 1962 was issued. Relevant paragraph 2.2 reads as under: 2.2. Further, in addition to the Bond mentioned at Para 2.1 above, the competent authority shall tak....