Competent Authority to release goods & vehicle on furnishing of bank guarantee for tax & penalty by the assessee

Competent Authority to release goods & vehicle on furnishing of bank guarantee for tax & penalty by the assessee

Where Competent Authority had detained goods of assessee under transport as well as vehicle on ground that address shown in invoice was different from address shown in E-way Bill and issued notice under section 129(3) specifying amount of tax and penalty payable for release of goods and vehicle, said authority was to be directed to release goods and vehicle on assessee furnishing bank guarantee for amount shown in notice

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