Interim release of detained transit goods permitted on furnishing alternate security and indemnity bond pending further proceedings.

Goods and vehicle detained in transit were ordered to be released forthwith pending further proceedings, subject to the petitioner furnishing security other than cash or bank guarantee equivalent to the proposed tax and penalty, together with an indemnity bond for the same amount. The order reflects that interim release may be granted where the detained goods are to be secured through alternative protection acceptable to the Court, while preserving the revenue's interest until the filing of counter affidavit and rejoinder.

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Issues: Whether the goods and vehicle detained in transit should be released pending further proceedings, and the conditions for such release.

Analysis: The order records that the goods of the petitioner in transit were intercepted and detained. Pending filing of counter affidavit and rejoinder, the Court directed release of the goods and vehicle forthwith on the petitioner furnishing security other than cash and bank guarantee equivalent to the proposed tax and penalty, together with an indemnity bond for the same amount.

Outcome: Interim release of the goods and vehicle was directed in favour of the petitioner on furnishing the specified security and indemnity bond.

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