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<h1>Provisional Release of Seized Goods: Execute Bond and Bank Guarantee as Per CGST Rules 2017, FORM GST INS-04 Required.</h1> Seized goods under the Central Goods and Services Tax Rules, 2017, may be provisionally released upon executing a bond equal to the goods' value using FORM GST INS-04 and furnishing a bank guarantee covering applicable tax, interest, and penalties. 'Applicable tax' includes central and state or union territory taxes and any cess under the Goods and Services Tax (Compensation to States) Act, 2017. If the person fails to present the goods as required, the security will be used to cover any outstanding tax, interest, penalties, and fines related to the goods.