https://www.taxtmi.com/caselaws?id=200437 Detained goods were to be released immediately on the petitioner furnishing a bank guarantee from a nationalised or scheduled bank for the amount demanded. The security was accepted without prejudice to the petitioner's right to contest the levy of tax and penalty, and release of the goods was made conditional only on furnishing the stipulated guarantee. The arrangement preserved the challenge to the detention notice while securing the revenue demand through bank guarantee. en-us Thu, 16 Feb 2017 00:00:00 +0530 Wed, 28 Mar 2018 17:31:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200437 Detained goods were to be released immediately on the petitioner furnishing a bank guarantee from a nationalised or scheduled bank for the amount demanded. The security was accepted without prejudice to the petitioner's right to contest the levy of tax and penalty, and release of the goods was made conditional only on furnishing the stipulated guarantee. The arrangement preserved the challenge to the detention notice while securing the revenue demand through bank guarantee. Case-Laws VAT and Sales Tax Thu, 16 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200437