PHAKT OVERSEAS Vs. UNION OF INDIA

JUDGEMENT

(1.) We are informed by Mr.P.B.Vaishnav, Assistant Commissioner of Customs, Group VII, New Custom House, Mumbai that the petitioners have now revalidated the Bank Guarantee No.BG/0/148 dated 25th April, 2006 valid upto 15th April, 2007 for the sum of Rs.1,80,543/- issued by Saraswat Co-operative Bank Ltd., Fort Branch. The zerox copy of the Bank Guarantee dated 26th April, 2006 sent by the advocate for the petitioners is taken on record and marked "X" for identification purposes.

(2.) In view thereof, we dispense with the personal presence of Mr.P.B.Vaishnav, Assistant Commissioner of Customs, Group VII.

(3.) We heard Mr.S.N.Panda, advocate for the petitioners and Mr.Y.R.Mishra, advocate for the revenue.