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In such circumstances, we modify the judgment of the learned Single Judge and direct release of the goods on the appellant furnishing Bank Guarantee for tax and penalty found due and a bond for the value of goods in the form as prescribed under Rule 140(1) of the CGST Rules as extracted herein above.

Shanti Prime Publication Pvt. Ltd.

Goods in Transit — The appeal is filed against the judgment of the Ld. Single Judge in writ petition. The appellant's goods were detained on inspection and notice was issued under Section 129 of the KGST Act and Rule 140 of the CGST Rules. The Appellant contended that the Bank Guarantee need be furnished only for the tax and penalty which could be imposed and the value of goods could be secured by a bond in the form FORM GST INS-04. Order of Ld. Ld. Single Judge modified. The Appeal is disposed of directing to release of the goods on the appellant furnishing Bank Guarantee for tax and penalty found due and a bond for the value of goods in the form as prescribed under Rule 140(1) of the CGST Rules. — Renji Lal Damodaran Proprietor, Damu & Sons Sales Corporation Vs. State Tax Officer, Kottarakkara And ASTO, Karunagapally [2018] 3 TAXLOK.COM 096 (Ker)