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TMI Blog2020 (1) TMI 1164X X X X Extracts X X X X X X X X Extracts X X X X ..... h gives rights to the petitioner to get his goods and the vehicle released, provided the petitioner gives a security in the form of bank guarantee to the concerned Department. Since the petitioner has an alternative remedy, no interference is being called for in the matter - Consequently, the writ petition is dismissed on ground of alternative remedy. - Writ Petition (M/S) No.38 of 2020 - - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct, 2017 which read as under:- 67. (1) . (2) . (3) . (4) . (5) . (6) The goods so seized under sub-section (2) shall be released, on a provisional basis, upon execution of a bond and furnishing of a security, in such manner and of such quantum, respectively, as may be prescribed or on payment of applicable tax, interest and penalty payable, as the case may be. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (b) on payment of the applicable tax and penalty equal to the fifty per cent. of the value of the goods reduced by the tax amount paid thereon and, in case of exempted goods, on payment of an amount equal to five per cent of the value of goods or twenty five thousand rupees, whichever is less, where the owner of the goods does not come forward for payment of such tax and penalty; (c) up ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of being heard. (5) On payment of amount referred in sub-section (1), all proceedings in respect of the notice specified in sub-section (3) shall be deemed to be concluded. (6) Where the person transporting any goods or the owner of the goods fails to pay the amount of tax and penalty as provided in sub-section (1) within seven days of such detention or seizure, further proceedings shal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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