The contention of the learned counsel for the petitioner is that despite recording a finding that under the facts and circumstances there is no violation of law by the petitioner, and, that no grounds have been mentioned in the order of the officer of the Mobile Squad for enhancing the value of the goods, the appellate authority has imposed tax and penalty on the petitioner.
Section 129 of the CGST Act, 2017 — Goods in Transit —–The petitioner counsel submitted that no grounds have been mentioned in the order of the respondent for enhancing the value of the goods and the appellate authority has imposed tax and penalty on the petitioner. The counsel submitted that the petitioner undertakes to deposit 50% of the amount assessed by the appellate authority under section 129(1)(a) after deducting the amount, if any, already deposited within a period of four weeks from today. For the remaining 50%, the petitioner shall furnish security.
Held that:- The Hon’ble High Court directed that in the event of compliance, the impugned order dated 12.10.2021 passed under Section 129(3), shall remain stayed and the seized goods and vehicles shall be released.
The contention of the learned counsel for the petitioner is that despite recording a finding that under the facts and circumstances there is no violation of law by the petitioner, and, that no grounds have been mentioned in the order of the officer of the Mobile Squad for enhancing the value of the goods, the appellate authority has imposed tax and penalty on the petitioner.
Section 129 of the CGST Act, 2017 — Goods in Transit —–The petitioner counsel submitted that no grounds have been mentioned in the order of the respondent for enhancing the value of the goods and the appellate authority has imposed tax and penalty on the petitioner. The counsel submitted that the petitioner undertakes to deposit 50% of the amount assessed by the appellate authority under section 129(1)(a) after deducting the amount, if any, already deposited within a period of four weeks from today. For the remaining 50%, the petitioner shall furnish security.
Held that:- The Hon’ble High Court directed that in the event of compliance, the impugned order dated 12.10.2021 passed under Section 129(3), shall remain stayed and the seized goods and vehicles shall be released.