https://www.taxtmi.com/caselaws?id=364515 Section 67(6) of the Kerala State GST Act permits provisional release of seized goods on execution of a bond and furnishing of security in the prescribed manner, and Rule 140(1) specifies release on a bond for the value of the goods and a bank guarantee for applicable tax, interest and penalty. The provisions do not require the security to be furnished only by the person seeking release. Where the petitioner could not furnish the guarantee personally and third parties were willing to do so, there was no legal impediment to accepting that security. Provisional release of the seized gold jewellery was therefore directed, with third-party bank guarantees permitted. en-us Mon, 04 Jun 2018 00:00:00 +0530 Mon, 09 Jun 2025 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364515 Section 67(6) of the Kerala State GST Act permits provisional release of seized goods on execution of a bond and furnishing of security in the prescribed manner, and Rule 140(1) specifies release on a bond for the value of the goods and a bank guarantee for applicable tax, interest and penalty. The provisions do not require the security to be furnished only by the person seeking release. Where the petitioner could not furnish the guarantee personally and third parties were willing to do so, there was no legal impediment to accepting that security. Provisional release of the seized gold jewellery was therefore directed, with third-party bank guarantees permitted. Case-Laws GST Mon, 04 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364515