Provisional release of seized goods depends on bond, bank guarantee, and later production before the proper officer. Seized goods or packing machines may be released provisionally on execution of a bond for their value and furnishing of a bank guarantee for the applicable cess, interest and penalty payable. The provisional release depends on production of the goods or machines at the date and place specified by the proper officer. Failure to do so permits encashment of the security and adjustment towards the cess, interest, penalty and any fine payable.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Provisional release of seized goods depends on bond, bank guarantee, and later production before the proper officer.
Seized goods or packing machines may be released provisionally on execution of a bond for their value and furnishing of a bank guarantee for the applicable cess, interest and penalty payable. The provisional release depends on production of the goods or machines at the date and place specified by the proper officer. Failure to do so permits encashment of the security and adjustment towards the cess, interest, penalty and any fine payable.
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