Exim India Global Vs Addl. Commissioner of Customs (Madras High Court)
Madras High Court modified conditions for provisional release of PVC Coated Fabric [goods involved in misclassified and undervalued] and directed payment of duty; payment of 50% of differential duty and execution of bond for specified amount.
Facts- The petitioner had imported goods which are ‘PVC Coated Fabric’ vide the subject bills of entry and the goods were moved to the Special Economic Zone unit situated at Nandiyambakkam, Chennai. The petitioner had approached the respondent for clearance of the goods from the Special Economic Zone unit. The petitioner was informed that the DRI officials have initiated investigation and only after obtaining the test report, a decision would be taken for release of the goods. Accordingly, the DRI detained the goods on various dates between January and March, 2025 covered by the subject bills of entry.
Pursuant to the representation made by the petitioner, the respondent has issued the impugned provisional release order dated 29.07.2025 directing the petitioner to furnish bank guarantee to the tune of Rs.2,78,00,000/- and a bond equivalent to the re-determined value of the goods, which is Rs.9,63,00,000/-. Aggrieved by the same, the present writ petition has been filed before this Court.
