2026 (7) TMI 1377

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....ppellant : Shri S.C. Ratho, Consultant For the Respondent : Shri S. Debnath, Authorized Representative ORDER PER SHRI R. MURALIDHAR: The appellant has imported readymade garments from Bangladesh and claimed the SAFTA benefit in terms of Notification No. 99/2011-Cus. dated 09.11.2011. On the ground that the consignments in question contained some branded goods, wherein the Intellectual ....

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....f the appellant submits the details of the declared assessable value of the goods and the duty on the same when the benefit of concessional rate of duty in terms of Notification No. 99/2011-Cus. dated 09.11.2011 is extended, along with the security amount fixed by the Revenue in respect of the said goods. He submits that the value has been enhanced by about four times and that only because the Dep....

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....ignments were inspected, many garments were found to be pertaining to various famous brands, such as "Zara", "Levis", "Nike", "Adidas", etc., and accordingly, the lower authorities have taken the stand that proper security is required if the imported goods are to be released on provisional basis. He therefore justifies the security demand made by the Revenue. 6. Heard both sides. 7. On going....

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....ced the security requirement from Rs.1.88 crore to Rs.15 lakhs. 9. Considering the factual details involved and the above cited case-law, we take the view that the ends of justice will be met if the security amount by way of Bank Guarantee in respect of the goods in question is modified to Rs.1,00,00,000/- (Rupees One Crore only). However, the appellant is directed to execute a Bond for the amo....