Seized goods to be released on furnishing security other than cash or bank guarantee: HC

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The Assessee has sought to quash the seizure order dated 05.01.2018 which has been passed against the assessee on the allegation that there was some wrong declaration on the date in the E-way Bill. The assessee states that it had been written down inadvertently. Other than that no other allegation has been made against the assessee.

Whether Competent Authority was to be directed to release goods and vehicle on assessee furnishing security other than cash or bank guarantee equal to amount of tax payable on goods – Held, yes

Citation: [2018] 94 taxmann.com 230 (Allahabad)