2024 (10) TMI 136

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..... e of detention of goods - HELD THAT:- On query made, learned counsel for the revenue has made a fair statement, it cannot be doubted, the petitioner is the bonafide owner of the goods. The penalty order is modified to the extent penalty imposed. Quantum is reduced in terms of provisions of Section 129(1)(a) of the Act i.e. equal to twice the amount of tax imposed on the value of the goods, as esti .....

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..... eing 100 percent of the value of the goods under Section 129(1)(b) of the U.P. G.S.T. Act, 2017 (hereinafter referred to the as, 'the Act') from the petitioner who describes himself to be the owner of the goods. Therefore, he claims to be entitled to release of the goods against payment of lesser security being twice the amount of the tax under Section 129(1)(a) of the Act. 4. At the outse .....

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..... or the petitioner states, the petitioner does not dispute the levy of penalty. Only, the quantum is in dispute. 10. In such circumstances, on query made, learned counsel for the revenue has made a fair statement, it cannot be doubted, the petitioner is the bonafide owner of the goods. 11. Accordingly, the penalty order is modified to the extent penalty imposed. Quantum is reduced in terms of provi .....

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