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2013 (4) TMI 614 - KERALA HIGH COURTDetention of consignment of diamonds for exhibition - Section 47(8) of the KVAT Act proposing to auction the detained commodity it is at that stage petitioner has filed this writ petition seeking to challenge the aforesaid proceedings - Held that:- In such circumstances, as the petitioner admittedly is the consignor of the goods in question, if the goods are released to them on their furnishing security as demanded no prejudice will be caused to the interest of respondents 1 to 5. The petitioner will deposit Rs.1,48,800/- demanded as security and on depositing the same the consignment detained will be released to the petitioner. On such release, it will be open to the petitioner to deal with the commodity in the manner as they deem fit. Once the goods are released, the competent authority will conduct adjudication in terms of Section 47 of the KVAT Act with notice to the petitioner and the 6th respondent at the premises of whom the exhibition was to conduct.
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