HC : Orders release of goods on furnishing security in form of Bank guarantee

Allahabad HC disposes the writ filed by the petitioner directing release of goods within 10 days on furnishing security in the form of Bank Guarantee equivalent to the amount of applicable tax, interest and penalty; Notes that the Revenue had seized the goods holding that petitioner had not paid the tax for the Tobacco bags and tax which was deposited was only with respect to Pan Masala; Notes assessee’s plea that e-way bill was not required to be submitted as the goods wer...