In the instant case, the petitioner submitted that the goods which have been seized are all duly accounted for and the same could not have been seized. The entire seizure is illegal. Notice issued to respondent. In the meanwhile, the goods lying with the respondent/s shall be released subject to submitting a surety bond of the equivalent amount of the value of the goods by the petitioner.
Section 74 of the CGST Act, 2017 — Seizure of goods – The petitioner submitted that a sum of Rs. 50 lac has been recovered under duress from the petitioner without even issuing SCN treating it as under Section 74 of the Act. The counsel for petitioner submitted that the goods which have been seized are all duly accounted for and the same could not have been seized. The entire seizure is illegal.
Held that:- The Hon’ble High Court issued notice returnable in fourth week of July, 2021. In the meanwhile directed that the goods lying with the respondent/s shall be released subject to submitting a surety bond of the equivalent amount of the value of the goods by the petitioner.
In the instant case, the petitioner submitted that the goods which have been seized are all duly accounted for and the same could not have been seized. The entire seizure is illegal. Notice issued to respondent. In the meanwhile, the goods lying with the respondent/s shall be released subject to submitting a surety bond of the equivalent amount of the value of the goods by the petitioner.
Section 74 of the CGST Act, 2017 — Seizure of goods – The petitioner submitted that a sum of Rs. 50 lac has been recovered under duress from the petitioner without even issuing SCN treating it as under Section 74 of the Act. The counsel for petitioner submitted that the goods which have been seized are all duly accounted for and the same could not have been seized. The entire seizure is illegal.
Held that:- The Hon’ble High Court issued notice returnable in fourth week of July, 2021. In the meanwhile directed that the goods lying with the respondent/s shall be released subject to submitting a surety bond of the equivalent amount of the value of the goods by the petitioner.