GST: Goods Seized can be released on furnishing of Bank Guarantee

Ms. S.A. Products Vs State of U.P. & Ors. (Alahabad High Court)

We have considered the submissions and perused the provision of release of goods under Rule 140, wherein in case the owner of the goods furnishes the security in the form of Bank Guarantee equivalent to the amount of applicable tax, interest and penalty payable, the authorities can consider the release of the goods and vehicle.

In view of the above, the writ petition is disposed of with the observation that petitioner shall furnish the security in the

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