https://www.taxtmi.com/caselaws?id=161455 Where a taxing statute permits release of detained goods from a registered dealer on furnishing a surety bond, the detaining authority cannot insist on bank guarantee or cash security. The provision distinguishes registered from unregistered consignors or consignees: registered persons may secure release by executing a bond with sureties in the prescribed form, while bank guarantee, cash security or crossed bank draft is confined to unregistered persons. The officer therefore had no authority to reject the surety bond tendered by the registered dealer, and detention continued on an unlawful security condition was unsustainable. en-us Thu, 05 Sep 2002 00:00:00 +0530 Wed, 29 Jan 2014 13:11:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161455 Where a taxing statute permits release of detained goods from a registered dealer on furnishing a surety bond, the detaining authority cannot insist on bank guarantee or cash security. The provision distinguishes registered from unregistered consignors or consignees: registered persons may secure release by executing a bond with sureties in the prescribed form, while bank guarantee, cash security or crossed bank draft is confined to unregistered persons. The officer therefore had no authority to reject the surety bond tendered by the registered dealer, and detention continued on an unlawful security condition was unsustainable. Case-Laws VAT and Sales Tax Thu, 05 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161455