2024 (10) TMI 1116 - HC - GST

Quantification of interest - quantification of amount in the detention order dated 20.07.2024 runs contrary to Statutory Mandate of Sub-Section 3 of Section 129 of the said Act - HELD THAT - The petitioner is ready to deposit bank guarantee of the original amount of Rs. 8,40,924/- (Rupees Eight lakh, forty thousand, nine hundred and twenty four only) and subject to depositing the same, his truck and material may be released. If the petitioner deposits bank guarantee of Rs. 8,40,924/- (Rupees Eight lakh, forty thousand, nine hundred and twenty four only) 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. The petition is disposed off.

Summary

The High Court of Telangana directed the petitioner to deposit a bank guarantee of Rs. 8,40,924 for the release of truck and material. The respondents were given liberty to issue a notice for penalty as per Section 129(3) of the CGST Act, 2017. The petition was disposed of without costs.