Bank(5)
Category of the Bill of Entry (Home Consumption, Warehouse, Ex-Bond)(6)
Bill of Entry Number and date(7)
Class Code ... wherever applicable(33)
Container No.(A)
Seal Number(B)
FCL/ LCL(C)
Bond details(34)
Whether Clearance of imported goods is sought against any type
facts.
2. The petitioner No. l is a Private Limited Company and are holders of valid REP licences. The petitioners imported 25 consignments of compound ... consignments upon the petitioners furnishing to the department an ITC bond for 25% of the c.i.f. value and the bank guarantee
time specified and the goods were directed to be removed to a bonded warehouse. On 26th December, 1991 Show Cause Notice was issued ... penalty imposed by the adjudicating authority by furnishing ITC Bonds. However, the Tribunal did not pass any order as regards release
under Heading No.8528 and cleared the goods against ITC bond for cumulative amount of Rs.6,46,73,366/- backed ... rightly encashed and the encashed amount was appropriated in terms of the bond. Besides this, penalty of Rs.20 Lakh was imposed on the appellant
warehousing certificate was produced as per the ITC Bond undertaking given to the department.
3.1 That similar cases were booked against Appellant ... penalty if any could have been imposed upon the importer company or ITC bond could have been enforced.
4. Sh. K. C. Jana
been defined in the Imports Control Order
as well as in the ITC Schedule it has to be taken in a
scientific ... reproduced in Appendix 1-B to this Book, commonly known as
the I.T.C. Schedule,. contains the classification of all the
articles that enter
licence dated 13th December 1992 subject to the petitioner executing
an I.T.C. Bond for 100% of the C.I.F value ... goods have already been cleared by the petitioner by executing the
I.T.C. Bond.
2. Learned counsel for the petitioner invited our attention
India, the Collector of Customs and the Assistant Collector
of Customs (Bond Department) are the respondents.
On 11th May, 1983, the licensing authority issued import ... petitioner's clearing agent
filed six bills of entry for ex bond clearance. However, the
bills of entry were returned with the remark that
preparations. The clearance of these goods was allowed on execution of a bond and an undertaking. When the applicants produced licences for Appendix 3A items ... present case, the ITC Bond and undertaking were cancelled by the Customs authorities.Thereafter a show cause notice was issued exactly
position to pay the duty immediately. The machinery was de-bonded upon payment of duty of customs on 7th January 1988. By that time ... subject to the petitioner executing security by way of ITC bonds for the value of the goods estimated at Rs. 66 lakhs. Subsequently
