Rule 140
Bond and security for release of seized goods.
GST
Inspection, Search and Seizure
Rule 140 of Central Goods and Services Tax Rules, 2017
Bond and security for release of seized goods.-
140. (1) The seized goods may be released on a provisional basis upon execution of a bond for the value of the goods in FORM GST INS-04 and furnishing of a security in the form of a bank guarantee equivalent to the amount of applicable tax, interest and penalty payable.
Explanation.- F
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