2022 (8) TMI 977

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....manth For the Petitioner : Mr.N.Murali For the Respondent : Mr.V.Prashanth Kiran Government Advocate. COMMON ORDER Learned counsel for the petitioner seeks permission to withdraw W.P.No.21525 of 2022 with liberty to file an appeal before the first appellate authority. He has also made an endorsement to that effect. 2. In light of the endorsement made, W.P.No.21525 of 2022 stands dis....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rd before the first Appellate Authority. 4. The provisions of Section 129 of the Central Goods and Services Tax Act, 2017 (in short 'Act') dealing with detention, seizure and release of goods and conveyances in transit, permit the release of the goods upon payment of penalty, equal to 200 percent. The provision, to the extent to which it is relevant, reads as under:- "129. Dete....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s forward for payment of such penalty; 5. Learned counsel for the petitioner, on instructions, submits that the petitioner is willing to furnish a bank guarantee, in terms of the provisions of Section 129(1)(a) of the Act as extracted above and the learned Government Advocate, on instructions, would submit that nothing stands in the way of the respondent accepting the bank guarantee. 6. Thus....