Goods seized due to non-production of declaration form to be released on furnishing of bank guarante

CST & VAT : Where Assistant Commissioner (Mobile Squad), U.P. Commercial Tax Department intercepted a truck transporting a pump from Uttarakhand to Chattisgarh and seized pump and demanded a security of Rs. 10 lakhs in cash for release of pump, Assistant Commissioner was directed to release pump upon assessee furnishing bank guarantee of Rs. 10 lakhs