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Issues: Whether the detained goods and vehicle were liable to be released on the petitioner furnishing a bank guarantee for the tax and penalty found due and a bond for the value of the goods.
Analysis: An identical issue had already been decided by the Court in an earlier division bench judgment. Following that binding view, the Court directed release of the goods and vehicle on the petitioner furnishing a bank guarantee for the tax and penalty found due and a bond for the value of the goods in the prescribed form under Rule 140(1) of the CGST Rules.
Conclusion: The petitioner obtained relief and the respondents were directed to release the goods and vehicle on compliance with the specified security conditions.