2005 (11) TMI 81

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.... under Section 111(d) of the Customs Act, 1962. The order gave the option to the petitioner to redeem the goods by paying fine of Rs. 90,000/-. The order also imposed penalty of Rs. 50,000/- under Section 112 of the Customs Act, 1962. When the petition was admitted on 28-11-1989 the petitioner was allowed to clear the goods on furnishing bank guarantee in the sum of Rs. 90,000/- and personal bond in the sum of Rs. 50,000/-. We are told that necessary bank guarantee and bond has been given and has been kept alive and the goods have been redeemed. 2.The facts relevant for the purpose of this petition are that the petitioner is a transferee of the REP licence, which was originally issued to one Rabbani Traders. The description of the goods ....

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....ver, the endorsement on the licence before the Tribunal in that matter was only 'seeds' whereas in the case before the High Court, the endorsement made on the licence was vegetables/flowers and, therefore, the Court held that the Bombay Pharma Products case would not help. In our view, the judgment in Globe Enterprises cannot help the petitioner. 4.In any case, the judgment rendered by the Division Bench of this Court in the case of SVA Udyog Viniyog Ltd. v. Union of India [1993 (65) E.L.T. 20 (Bom.)] has been confirmed by the Apex Court in the case of SAV Udyog Viniyog Ltd. v. Union of India [2001 (133) E.L.T. 261 (S.C.)]. Somewhat similar entries were under consideration in the matter. Almonds had been imported under the Replenishment ....