Kerala State Goods & Services Tax Act, 2017 — Acceptance of Bank Guarantee for release of consignment detained under Section 129 of the SGST Act — Clarification and instructions issued — Regarding
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Bank Guarantee acceptance for release of detained consignments permitted; encashment deferred until statutory appeal process concludes. Acceptance of a Bank Guarantee is permitted for release of goods detained under Section 129 even after issuance of MOV 09; officers must enter guarantees in a Register for Bank Guarantees and controlling officers must verify actions. Bank Guarantees shall be forwarded for encashment only after the statutory appeal period lapses if no appeal is filed, and where an appeal is filed encashment shall follow the appeal outcome. Instructions confirm joint and several liability of consignor, consignee, transporter and person in charge and permit removal of non defective consignments from parcel/courier premises.
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.
Bank Guarantee acceptance for release of detained consignments permitted; encashment deferred until statutory appeal process concludes.
Acceptance of a Bank Guarantee is permitted for release of goods detained under Section 129 even after issuance of MOV 09; officers must enter guarantees in a Register for Bank Guarantees and controlling officers must verify actions. Bank Guarantees shall be forwarded for encashment only after the statutory appeal period lapses if no appeal is filed, and where an appeal is filed encashment shall follow the appeal outcome. Instructions confirm joint and several liability of consignor, consignee, transporter and person in charge and permit removal of non defective consignments from parcel/courier premises.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.