Conditions for provisional release of seized PVC coated fabric modified

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 fro...