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2013 (10) TMI 916 - ALLAHABAD HIGH COURTSeizure of goods - Security demand - Held that:- it is desirable that the security as demanded from the assessee for release of the goods may be furnished - security to the extent of 20% of the value of the goods may be furnished incash or through bank draft - for the remaining 20% of the of the value of the goods, security may be furnished by the assessee, which may be other than cash or bank guarantee to the satisfaction of the assessing authority - Decided partly in favour of assessee.
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