Provisional release of goods requires a bond and security, with enforcement if tax and lawful charges remain unpaid. Provisional release under section 129(1) requires execution of a bond and security, usually a bank guarantee, obliging the obligor to produce goods when required and to pay taxes, interest, penalty, fine and other lawful charges demanded by the proper officer; payment within the prescribed period voids the bond condition, otherwise the President/Governor may realise losses from the bank guarantee or enforce the bond.
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.
Provisional release of goods requires a bond and security, with enforcement if tax and lawful charges remain unpaid.
Provisional release under section 129(1) requires execution of a bond and security, usually a bank guarantee, obliging the obligor to produce goods when required and to pay taxes, interest, penalty, fine and other lawful charges demanded by the proper officer; payment within the prescribed period voids the bond condition, otherwise the President/Governor may realise losses from the bank guarantee or enforce the bond.
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