2016 (3) TMI 1142 - HC - VAT and Sales Tax

Grant of stay - realization of entry tax - Held that - tax not to be recovered and further proceedings will be kept in abeyance provided the petitioner furnishes security in the form of bank guarantee which will remain valid till the disposal of the case - It is also directed that the goods already seized shall be released in favor of the petitioner provided the petitioner furnishes bank guarantee to the satisfaction of the authority concerned for different taxes - application disposed off.

Summary

The High Court of Uttarakhand issued an order stating that entry tax will not be realized from the petitioner if a bank guarantee is furnished. Goods seized will be released upon furnishing a bank guarantee for different taxes. Case CLMA No.1462/2016 is disposed of accordingly.