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2021 (2) TMI 627 - HC - GSTRelease of goods - Sale of goods through broker - Broker is not tracable - Purchaser refused to admitting the transaction with the applicant - HELD THAT:- The argument of Mr. Sheth is that he is the seller of the goods. He has generated the E-way bill, ultimately, he will have to show the transaction in the assessment proceeding as E-way bill has been generated. Let the proceedings with respect to the confiscation proceed further in accordance with law. We are not inclined to interfere at this stage. However, we are inclined to order provisional release of the goods pending the confiscation proceedings on the condition that the writ applicant shall deposit an amount of ₹ 18 Lakh with the respondent No.2 towards the tax and penalty. For the balance amount towards fine of ₹ 52 Lakh, the writ applicant shall execute a bond to the satisfaction of the respondent No.2 with an undertaking that ultimately, if the goods are held liable to be confiscated, he shall make good the entire payment towards fine in lieu of confiscation. Application disposed off.
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