CESTAT reduces Bank Guarantee amount & order provisional release of goods

Nathi Mal Rugan Mal Vs Commissioner of Customs (CESTAT Mumbai) The appellants claim that they have cooperated with the investigation and have deposited Rs. 70,00,000 (Rupees Seventy Lakhs only) towards the duty liability, if any, that may arise on the past imports after completion of investigation; in respect of the impugned goods also they have deposited more than Rs. 13,00,000/-. They have suffered huge pecuniary losses and the goods are also damaged considerably for the last 2-3 years. On going through the records of the case, we find that the appellants have been cooperating with the inves...