9911796707
TMI Blog2021 (6) TMI 36X X X X Extracts X X X X X X X X Extracts X X X X ..... SINGH Petitioner Through: Ms. Anjali J. Manish, Advocate Respondents Through: Mr. Santosh Kumar Mishra, Advocate. Mr. Harpreet Singh, Senior Standing Counsel for R-2 to 7. O R D E R [Court hearing convened via video-conferencing on account of COVID-19] 1. Mr. Harpreet Singh, Senior Standing Counsel, who appears for respondent nos. 2-7, informs us that pursuant to our order dated 12.03.2021, verification was carried out by vis-a-vis the suppliers of the petitioner. 1.1 It is stated that the verification was carried out by GST (Delhi, North), (Delhi, East), and (Delhi, West). We are informed that insofar as the GST (Delhi, North) and (Delhi, East) are concerned, verification stands completed and the reports, in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Singh, GST (Delhi, West) has to complete the verification vis-a-vis three suppliers who fall under its jurisdiction. 3. Ms. Manish, who appears on behalf of the petitioner, says that the enquiry has been going on since 10.02.2020 with no end in sight. To buttress this argument, our attention has been drawn to Annexure P-6 (Colly) appended on page 239. 3.1. This apart, Ms. Manish says that the respondents were required to complete the enquiry within a maximum period of one month. In support of this plea, Ms. Manish relies upon the circular dated 23.01.2020 issued by the CBIC. (See page 240.) 3.2 Besides this, Ms. Manish also brings to our notice the communication dated 23.07.2020 of the Assistant Commissioner, (GST Audit) addresse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Foreign Trade [DGFT]. This document contains the uploaded Bank Realisation Certificate [BRC] details, as on 05.03.2021. 5. Given this position, we had queried Ms. Manish as to whether the petitioner is in a position to furnish a solvent security against the release of 90% of IGST claimed by the petitioner by way of refund. 5.1. To be noted, Ms. Manish has taken instructions to the effect that the petitioner would be willing ready to furnish, as security, an unencumbered immovable property, which is situate in Yamuna Nagar, Haryana. 5.2. According to Ms. Manish, the tentative value of the immovable property is approximately ₹ 70 lakhs. 5.3 It is pertinent to note that the amount of refund involved in this case is ₹ ..... X X X X Extracts X X X X X X X X Extracts X X X X
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