HC: Allows release of seized vehicle/goods upon furnishing bank guarantee

Gujarat HC directs the Revenue to release seized vehicle along with the goods contained therein subject to furnishing of bank guarantee; Further directs that the authority shall not proceed further with the show cause notice which has been issued for the purpose of confiscation of the vehicle and the goods; Explains that, “If we go by the provisions of section 129, then for the purpose of release, we can ask the writ applicant to deposit the amount of tax as deter...