https://www.taxtmi.com/caselaws?id=222129 The Court held that the bank guarantee furnished by the appellant could only be enforced if the penalty remained unpaid after the 30-day period specified in Section 47(8) of the Kerala Value Added Taxes Act. The judgment of the single Judge was overturned, restraining the respondents from enforcing the bank guarantee prematurely. Additionally, the Court permitted the Officer to request the bank guarantee to be maintained if penalty proceedings were not concluded within the specified time frame. en-us Fri, 07 Dec 2012 00:00:00 +0530 Thu, 21 Feb 2013 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=222129 The Court held that the bank guarantee furnished by the appellant could only be enforced if the penalty remained unpaid after the 30-day period specified in Section 47(8) of the Kerala Value Added Taxes Act. The judgment of the single Judge was overturned, restraining the respondents from enforcing the bank guarantee prematurely. Additionally, the Court permitted the Officer to request the bank guarantee to be maintained if penalty proceedings were not concluded within the specified time frame. Case-Laws VAT and Sales Tax Fri, 07 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=222129