Provisional release order concerning a consignment of imported PVC coated fabrics to the extent of furnishing bank guarantee

K.P. Impex Vs Principal Commissioner of Customs (Preventive) (Madras High Court)

Conclusion: Provisional release order by substituting the bank guarantee requirement with a bond of equivalent amount, while retaining other conditions. The Court emphasized that onerous financial conditions prior to adjudication are unwarranted, especially for non-prohibited goods, and directed release upon compliance within seven days.

Held: Assessee imported 793 rolls (69,903 sqm) of PVC Coated Fabrics from China under an invoice and filed Bill of Entry for h

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