Saturday 19 July 2014

Excise and Taxation Officer can’t ask for bank guarantee from a registered dealer to release detaine

CST & VAT : Where assessee sold goods from Mandi Gobindgarh to a party outside State of Punjab and booked same with a transporter and driver after loading goods in vehicle started journey towards Ludhiana for loading cycle parts belonging to an other party and after loading cycle parts from Ludhiana, when driver was yet to leave Ludhiana, ETO detained said vehicle with goods and insisted that he would release goods only on furnishing of bank guarantee, demand of bank guarantee was unjustified


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