2018 (8) TMI 1413

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....(8065) for the RESPONDENT(s) No. 2 MR. PARTH H BHATT (6381) for the RESPONDENT(s) No. 3 NOTICE SERVED BY DS (5) for the RESPONDENT(s) No. 1   ORAL ORDER (PER : HONOURABLE MR.JUSTICE AKIL KURESHI) 1. The petitioner has challenged a condition contained in the communication dated 03.07.2018 to enable the petitioner to reexport the consignment of goods which the petitioner desired ....

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....subject to the condition that the petitioner executes a bond for the full value of the goods in question redetermined by the DRI and of furnishing a bank guarantee equivalent to 25% of the its value on such re-determination. 3. Having heard learned counsel for the parties and having perused the materials on record it appears that according to the petitioner, the total value of the imported good....

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....e to import the goods and permission for re-export is granted, there would be no question of customs duty on differential value. At best, even if the department succeeds, ultimately, there may be a question of imposition of penalty under section 112 of the Customs Act. 5. On the other hand learned advocates for the respondents submitted that investigation is going on. At this stage, there is st....