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2013 (5) TMI 369 - KERALA HIGH COURTThe notice has been issued to petitioner u/s 47(2) of the KVAT Act doubting evasion of tax and demanding security deposit. According to the Department the nature of contract between petitioner and its consignor is fall under the category of “work contracts” and therefore department detained the goods of the petitioner. - Petitioner challenged the department by filing this writ petition. Held that:- Court finds that the Goods needs not be detained any further and the same shall be released to the petitioner forthwith, on satisfying the security deposit to an extent of 50% as demanded either by cash or by Bank Guarantee or by way of immovable properties to the satisfaction of the authorities concerned and on execution of a 'simple bond' without sureties for the balance amount. Writ petition is disposed of.
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