https://www.taxtmi.com/article/detailed?id=10742 Provisional release of goods detained under GST is attainable by meeting documentary transit requirements and providing security to protect revenue interest: executing the prescribed bond and furnishing a bank guarantee or paying tax, interest and penalty can secure temporary release while the statutory inquiry proceeds. Courts have directed acceptance of bank guarantees or bonds and, in some cases, staged payment of assessed penalties as conditions for release, with statutory proceedings continuing and without prejudice to the right of appeal or judicial review. en-us Mon, 10 Oct 2022 20:49:06 +0530 Mon, 10 Oct 2022 20:49:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10742 Provisional release of goods detained under GST is attainable by meeting documentary transit requirements and providing security to protect revenue interest: executing the prescribed bond and furnishing a bank guarantee or paying tax, interest and penalty can secure temporary release while the statutory inquiry proceeds. Courts have directed acceptance of bank guarantees or bonds and, in some cases, staged payment of assessed penalties as conditions for release, with statutory proceedings continuing and without prejudice to the right of appeal or judicial review. Articles Goods and Services Tax - GST Mon, 10 Oct 2022 20:49:06 +0530 https://www.taxtmi.com/article/detailed?id=10742