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TMI Blog2020 (7) TMI 74X X X X Extracts X X X X X X X X Extracts X X X X ..... d counsel for the petitioner submits that the petitioner is a transporter of the goods and his vehicle along with goods has been confiscated. Learned counsel submits that he had filed an appeal which has been rejected. Against which although a second appeal lies, however, taking into consideration the present circumstances, the petitioner has approached this court for release of vehicle and agains ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hat it would be very difficult to get the amount recovered if the security bond is allowed to be accepted and the truck and goods can be released on submission of bank guarantee. 10. Taking into consideration the prayer made above, this Court finds that Rule 140 of the Central Goods and Service Tax Rules, 2017 provides as under:- "140. (1) The seized goods may be released on a provisional basi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... respect of such goods." Learned counsel for the respondent submits that the revenue authorities have no objection if the petitioner complies with the provision of Rule 140 of the CGST Rules and if the bank guarantee in terms of Rule 140 is submitted, the revenue department would release the vehicle. Learned counsel for the petitioner submits that the petitioner is not owner of the goods and the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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