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2017 (6) TMI 382 - HC - VAT and Sales TaxDeposit of 10% of the estimated value of goods seized for release of goods - case of assessee is that assessee is a registered dealer and in case any liability is fixed, the same can be realized and there was no justification for the authorities to require the revisionist to deposit cash security - Held that: - It is not in dispute that revisionist is a registered dealer under U.P. VAT Act in the State, and in case any ultimate liability towards tax or penalty is imposed upon it, the same can always be realized - seized goods shall be released by the authorities, in case the revisionist submits an indemnity bond for the disputed amount in question - revision allowed - decided in favor of revisionist.
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