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 ... Summary
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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