https://www.taxtmi.com/caselaws?id=418254 The HC stayed an order invoking a bank guarantee related to detained goods under Section 129 of CGST Act. The court found that since the petitioner had a statutory right to appeal within three months, the bank guarantee should not be invoked prematurely. The respondent had not yet invoked the guarantee and confirmed no intention to do so before the appeal period expired. The court directed the respondent to refrain from invoking the guarantee for four months from 20.12.2021, allowing the petitioner time to pursue appellate remedies, while requiring the petitioner to maintain the guarantee for four additional months. en-us Tue, 04 Jan 2022 00:00:00 +0530 Tue, 01 Apr 2025 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418254 The HC stayed an order invoking a bank guarantee related to detained goods under Section 129 of CGST Act. The court found that since the petitioner had a statutory right to appeal within three months, the bank guarantee should not be invoked prematurely. The respondent had not yet invoked the guarantee and confirmed no intention to do so before the appeal period expired. The court directed the respondent to refrain from invoking the guarantee for four months from 20.12.2021, allowing the petitioner time to pursue appellate remedies, while requiring the petitioner to maintain the guarantee for four additional months. Case-Laws GST Tue, 04 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418254