Goods and conveyance detained will be released upon payment of penalty and furnishing of a bank guarantee

Ravi Trading Co. Vs Deputy Commissioner of State Tax (Gujarat High Court) The Hon’ble Gujarat High Court in Ravi Trading Co. v. Deputy Commissioner of State Tax [SCA no. 6407 of 2023 dated May 4, 2023] directed the Revenue Authority to release goods on conditions that the assessee deposits a certain amount of penalty towards tax in lieu of confiscation of conveyance and furnish bank guarantee in lieu of confiscation of goods. Facts: The Revenue Department (“the Respondent”) seized the goods of Ravi Trading Co. (“the Petitioner”) while they were being transported in a ...