https://www.taxtmi.com/caselaws?id=163852 Where taxability of seized goods was not finally determined, provisional release on reasonable security was appropriate, and cash security was not mandatory if adequate alternative security was available. The Tribunal had already reduced the security requirement from forty per cent cash security to six per cent, and that reduced level was treated as sufficient. The taxability issue was left to be decided by the assessing authority at the assessment stage, while the goods were directed to be released on furnishing security of six per cent of value, including security other than cash or bank guarantee. en-us Mon, 30 Jun 2008 00:00:00 +0530 Fri, 11 Apr 2014 17:57:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163852 Where taxability of seized goods was not finally determined, provisional release on reasonable security was appropriate, and cash security was not mandatory if adequate alternative security was available. The Tribunal had already reduced the security requirement from forty per cent cash security to six per cent, and that reduced level was treated as sufficient. The taxability issue was left to be decided by the assessing authority at the assessment stage, while the goods were directed to be released on furnishing security of six per cent of value, including security other than cash or bank guarantee. Case-Laws VAT and Sales Tax Mon, 30 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163852