2024 (8) TMI 942 - HC - GST

Quantification of interest at the time of detention - requirement to give notice before 7 days specifying the penalty payable - HELD THAT - The petitioner is ready to deposit bank guarantee of the original amount of Rs.8, 40, 924/- and subject to depositing the same his truck and material may be released. If the petitioner deposits bank guarantee of Rs.8, 40, 924/- before the respondents his struck and material may be released after obtaining photographs and after fulfilling other formalities - the respondents are at liberty to issue notice to the petitioner as per Section 129 (3) of the Act for imposition of penalty - this petition is disposed off.

Summary

The petitioner's writ petition was disposed of by the High Court of Telangana. The court directed the petitioner to deposit a bank guarantee of Rs.8,40,924/- for the release of their truck and material. The respondents were given liberty to issue a notice for imposing a penalty as per Section 129(3) of the Act. The court reserved the liberty for the respondents to proceed against the petitioner in accordance with the law. No costs were awarded, and any pending interlocutory applications were closed.