https://www.taxtmi.com/caselaws?id=257807 Where the governing rules allow alternative modes of security for release of detained transit goods, the authority cannot insist only on a bank guarantee if another permitted and acceptable form is offered. The Rajasthan HC noted that Rule 77 of the Rajasthan Value Added Tax Rules, 2006 contemplated multiple securities, and the petitioner's bond in RVAT Form 64 with two local sureties acceptable to the authorised officer was sufficient. Release of the truck and goods on that security was warranted, and bank guarantee alone was not required. en-us Mon, 01 Dec 2014 00:00:00 +0530 Mon, 23 Mar 2015 09:36:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257807 Where the governing rules allow alternative modes of security for release of detained transit goods, the authority cannot insist only on a bank guarantee if another permitted and acceptable form is offered. The Rajasthan HC noted that Rule 77 of the Rajasthan Value Added Tax Rules, 2006 contemplated multiple securities, and the petitioner's bond in RVAT Form 64 with two local sureties acceptable to the authorised officer was sufficient. Release of the truck and goods on that security was warranted, and bank guarantee alone was not required. Case-Laws VAT and Sales Tax Mon, 01 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257807