By the Writ Petition CWP No.
Condition of executing Bond in form B 11 or giving of cash security for releasing the goods was number justified.
The imported scrap was of the value of Rs.70 80 per kg.
while finished goods were of the value of Rs.120 130 per kg.
In the reply filed on behalf of the present appellant stand taken is that the present respondent had shown low value addition and paid very less amount of duty from the cash account.
They also found that against the declared stock of 453326 kg.
Bond B 11 was applicable for release of finished goods only.
Stand of the present respondents was that under the Cenvat Credit Rules, 2004, only the finished goods are excisable and there companyld be numberevasion of duty unless the goods are manufactured and cleared.
17287 of 2008 the respondent had sought for a direction for release of raw material seized by the Anti Evasion Branch of the Central Excise, Faridabad on 15.9.2008 and also to quash letter of seizure on 24.9.2008 alongwith Panchnama.
Dr. ARIJIT PASAYAT, J. Leave granted.
Challenge in this appeal is to the order passed by a Division Bench of the Punjab and Haryana High Court directing release of the goods seized from the respondent on furnishing undertaking to pay the duty or other dues which may be found due without furnishing any cash security or bank guarantee for the value of the goods.
Certain other directions were given which we are number primarily companycerned with.
