2021 (12) TMI 474 - ALLAHABAD HIGH COURT - GST

Head Note / Extract:
Seizure of goods alongwith the vehicle - undervlauation of goods - enhancement of value - best judgement assessment - sub-rule (5) of Rule 138 of the CGST Rules, 2017 - HELD THAT:- The matter requires consideration. Subject to the petitioners depositing the penalty and tax to the extent of 50% of the amount claimed, and furnishing security of the remaining 50% of penalty, other than cash and bank guarantee to the satisfaction of the authority in the prescribed manner and in terms of Section 129(1)(a) of the Act, within a period of two weeks from today, the goods and vehicle may be released in favour of the petitioners.