TaxTMI 
TaxTMI 
2015 (10) TMI 2762
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.... ORDER The petitioner's Bill of Entry along with the goods were subjected to inspection and accordingly, the respondents found concealment of gold within the Pallet boxes of the TVs imported. Out of the 9 boxes imported, concealment of gold were found in two boxes which were numbered as 8 and 9. The respondent seized all the pallet boxes and thereafter assessed the consignment and valued it ....
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....aper found wrapped on the TVs, it was found to contain 25 pieces of Sony LED TV 32'' and 175 pieces of Sony LED TV 40'' Nos. The officers found that there were totally nine pallets. Then the officers dismantling the pallets used to pack the said LED TVs for the possible concealment of gold bars in the pallets by removing and breaking the wooden reapers of all the pallets. During th....
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....et and found inner packing was made with a Singapore newspaper. On removing the said piece of newspaper, the officers found the gold bars with markings ''RAND REFINERY 9999 FINE GOLD 1000g'' with seal numbers TQB62207 and TQB62208''. The officers then removed the black insulation tapes of the packet found in another pallet and found three gold bars with markings ''R....
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....led in pallet box Nos.8 and 9 marked as B1 and B2 and the department has no objection for the release of the remaining 7 pallet boxes on certain terms. The said submission made by the learned counsel for the 1st respondent is recorded. 4. Hence, to give quietus to the issue, the petitioner is hereby directed to furnish 100% Bank Guarantee for the value of the goods assessed within a week f....