2025 (7) TMI 165

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.... & JITENDRA JAIN, JJ. For the Petitioner: Dr Sujay Kantawala a/w Ms Aishwarya Kantawala, Adv. Jeffry Caleb, Ms Ayushi Jha,. For the Respondent Nos. 2, 3 and 6: Mr Anil Singh, Additional Solicitor General a/w Mr Jitendra B. Mishra, Ms Sangeeta Yadav, Mr Rupesh Dubey, Mr Adarsh Vyas,. For the Respondent Nos. 4 and 5: Mr J. B. Mishra a/w Mr Abhishek R. Mishra,. PC:- 1. Heard learned co....

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...., the Competent Authority shall take a Bank Guarantee or Security Deposit to cover the following: i. the entire amount of duty/differential duty leviable on the seized goods being provisionally released; ii. amount of the fine that may be levied in lieu of confiscation under Section 125 of the Customs Act, 1962 at the time of adjudication of the case. While securing the same, the....

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....ven going by the value declared by the Petitioner, the same would come to Rs. 7.8 Crores. 7. Mr Anil Singh, based on instructions from the officers present in Court, submitted that if the Petitioner is willing to submit a Bond as specified in Clause 2.1 of the Circular dated 16 August 2017, and additionally provide a Bank Guarantee or Security Deposit of Rs.7.8 Crores, the goods in question wil....

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....cation, no fault is found with the imports, the goods would most likely have perished. Therefore, a balanced approach was necessary to ensure that neither party's interests or concerns suffered disproportionately. The circular dated August 16, 2017, is a step in that direction. 10. We do not intend to address the issue of waiver of Detention-cum-Demurrage charges at this stage. However, if ....