2019 (12) TMI 1070

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....er Section 110A of Customs Act, 1962; (i) The importer shall execute a Bond, in proper format, for an amount of Rs. 1,00,14,852 i.e. equal to value of the goods; (ii) The importer shall furnish a band guarantee/security deposit for an amount of Rs. 51,44,318/- towards differential duty and the BG so submitted shall contain an auto renewal clause; (iii) The importer shall furnish Bank Guarantee/security deposit (with auto renewal clause) for an amount of Rs. 15,00,000/- to cover any possible fine/personal penalty that may be imposed on the importer at the time of adjudication in respect of seized goods; (iv) An undertaking by the importer to the effect that he shall not challenge the identity of the provisionally released goods; (v....

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....ng items were also seized along with items which has been imported vide Bill of Entry No. 3959788 dated 06.07.2019. S No. BE No/ Date Description of Goods declared Qty. Seized (MTS) Assessable value of Seized goods Duty (In Rs.) Duty Payable to be paid @ 85.85% Diff. Duty (in Rs.) 1 3253279/ 16.05.2019 Defatted coconut power 42.65 2710391 808684.7 2326871 1518186 2 3449586/ 30.05.2019 Defatted coconut powder 34 2467482 550865.3 2118333 1567468 3 3765278/ 22.06.2019 Defatted coconut powder 33.13 2378640 545058.6 2042062 1497004 4 3959788/ 06.07.2019 Defatted coconut powder 26.5 2458339 548824.1 2110484 1561660     Total   10014852 245....

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....ation, 1963) in absence of any separate provisions for provisional release of the seized goods under Section 110A of the Customs Act as has been held in case of Navshakti Industires Private Limited vs. Commissioner of Customs (ICD TKD New Delhi)[2011 (267) ELT 483 (Del.)] held that by furnishing bank guarantee of 20% of differential customs duty to the suffice the conditions for provisional release. 8. Learned Advocate also placed reliance on the following decisions; (a) Bhaiya Fibres vs. Additional Director General Revenue [2012 (281) ELT 396 (Del.)] (b) Zest Aviation Private Limited vs. Union of India [2016 (289) ELT 243 (Del.)] (c) Sprirotech Heat Exchange Private Limited vs. Union of India [2016 (341) ELT 110(Del.)] (d) Agya Im....