2018 (8) TMI 1145

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..... that the appellant had agreed to furnish a Bank Guarantee before the learned Single Judge - no interference required. Furnishing of Bank Guarantee only for the tax and penalty - Held that:- It is directed to release the goods on the appellant furnishing Bank Guarantee for tax and penalty found due and a bond for the value of goods in the form as prescribed under Rule 140(1) of the CGST Rules. .....

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..... there is no cause for directing a Bank Guarantee to be furnished. The Section specifically speaks of a Bank Guarantee and we find that the appellant had agreed to furnish a Bank Guarantee before the learned Single Judge. We do not think any interference can be caused on that aspect. 3. The second contention raised by the learned Counsel appearing for the appellant is that the Bank Guarantee nee .....

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..... (15 of 2017). 4. In such circumstances, we modify the judgment of the learned Single Judge and direct release of the goods on the appellant furnishing Bank Guarantee for tax and penalty found due and a bond for the value of goods in the form as prescribed under Rule 140(1) of the CGST Rules as extracted herein above. With the above observation, the appeal would stand disposed of. - - Ta .....

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