https://www.taxtmi.com/caselaws?id=344111 A seized-goods release condition requiring deposit of 10% of the estimated value was found unnecessary where the dealer was registered and any eventual tax or penalty liability could be recovered according to law. The court noted that disputed issues, including the applicability of Section 50, could be examined at the appropriate stage, so insistence on cash security was not justified. The release condition was modified, and the goods were directed to be released on furnishing an indemnity bond for the disputed amount, subject to the authorities' final orders. en-us Mon, 15 May 2017 00:00:00 +0530 Fri, 09 Jun 2017 05:33:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344111 A seized-goods release condition requiring deposit of 10% of the estimated value was found unnecessary where the dealer was registered and any eventual tax or penalty liability could be recovered according to law. The court noted that disputed issues, including the applicability of Section 50, could be examined at the appropriate stage, so insistence on cash security was not justified. The release condition was modified, and the goods were directed to be released on furnishing an indemnity bond for the disputed amount, subject to the authorities' final orders. Case-Laws VAT and Sales Tax Mon, 15 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344111