2002 (9) TMI 813

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..... a registered dealer under the Punjab General Sales Tax Act, 1948 (for short "the Act"). Goods belonging to it were detained by the detaining authority under section 14-B(6)(i) of the Act. It is not in dispute that the petitioner has furnished a surety bond which was not accepted by the detaining officer. Feeling aggrieved by this order, the petitioner filed an appeal before the Deputy Excise and .....

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..... dealers to furnish a bank guarantee because experience of the department is that the dealers after furnishing surety bonds do not appear before the detaining authority. 4.. We have heard counsel for the parties and are of the view that the stand taken by the respondents is wholly untenable. It is common case of the parties that the goods were detained under section 14B(6)(i) of the Act. This se .....

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..... er by the consignor or consignee, if registered under the Act to the satisfaction of the officer detaining the goods and in case the consignor or the consignee is not registered under the Act, then on furnishing a security in the form of cash or bank guarantee or crossed bank draft, which shall be thirty per cent of the value of the goods, rounded up to the nearest hundred." 5.. A plain reading .....

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