https://www.taxtmi.com/caselaws?id=175619 Section 47(2) of the Andhra Pradesh Excise Act permits release of seized property on payment of the sum of money, the value of the stock, or both, depending on the statutory context under Section 47-A(1). The provision was read as authorising the Commissioner to require both components where the circumstances justify that demand. The impugned order recorded reasons for insisting on payment of both the monetary sum and the value of the seized stock, and that exercise of power was treated as within statutory authority. en-us Tue, 19 Oct 2010 00:00:00 +0530 Mon, 30 Nov 2015 11:33:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175619 Section 47(2) of the Andhra Pradesh Excise Act permits release of seized property on payment of the sum of money, the value of the stock, or both, depending on the statutory context under Section 47-A(1). The provision was read as authorising the Commissioner to require both components where the circumstances justify that demand. The impugned order recorded reasons for insisting on payment of both the monetary sum and the value of the seized stock, and that exercise of power was treated as within statutory authority. Case-Laws Central Excise Tue, 19 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175619