Provisional release of seized imported multifunctional devices granted subject to 10% bank guarantee and transaction reporting

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Full Text of the Document

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....Writ petition seeking provisional release of seized imported multifunctional devices allowed; the court ordered interim release at the admission stage where only a seizure memo exists and proceedings remain before the adjudicating authority. The petitioners must furnish a bank guarantee equal to ten percent of the total imported goods' value as security, and if the goods are provisionally released and subsequently supplied or sold, the petitioners must maintain and provide transaction details and customer information to respondent authorities on request. The petition is disposed of subject to these conditions.....