TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Seized goods provisionally released on bond and bank guarantee equal to tax, interest and penalty; security encashed if not produced</h1> Seized goods may be provisionally released if the holder executes a bond in the prescribed form and furnishes a bank guarantee equal to the tax, interest and penalty payable; 'applicable tax' includes central and State or Union Territory tax and any compensation cess. If the holder fails to produce the goods at the time and place directed by the proper officer, the security will be encashed and applied toward the tax, interest, penalty and any fine due in respect of those goods.
TaxTMI 
TaxTMI 
