Bond for release of seized goods requires obligor to pay tax and produce goods on demand or face security forfeiture. Form GST INS-04 is a bond for provisional release of seized goods under GST: the obligor binds to pay a specified sum and to furnish security (cash or bank guarantee); to produce the goods when required; and to pay all taxes, interest, penalty, fine and other lawful charges within ten days of written demand by the proper officer. On breach the President/Governor may appropriate the security or enforce the bond rights.
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.
Bond for release of seized goods requires obligor to pay tax and produce goods on demand or face security forfeiture.
Form GST INS-04 is a bond for provisional release of seized goods under GST: the obligor binds to pay a specified sum and to furnish security (cash or bank guarantee); to produce the goods when required; and to pay all taxes, interest, penalty, fine and other lawful charges within ten days of written demand by the proper officer. On breach the President/Governor may appropriate the security or enforce the bond rights.
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