Release goods on deposit of requisite amount & bank guarantee: HC

ABB India Ltd. Vs Union of India (Gujarat High Court) High Court held that “……..we are inclined to pass an interim order for the release of the goods and the vehicles. We direct the writ ­applicant to deposit an amount of Rs.50,40,972/­ towards the tax with the respondent no.2 and the balance amount of Rs.50,40,972/­ towards the penalty shall be in the form of a bank guarantee of any nationalized bank. On deposit of the requisite amount and the bank guarantee, the authority concerned shall release the goods and the vehicles forthwith.” FULL TEXT OF THE HIGH COURT ORD...