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The petitioner is not liable to furnish the bank guarantee of Rs. 15,20,183/­ for releasing the goods for re-­export, as asked by the respondent no.3.

Confiscation of seized goods — The DRI seized the goods imported by the petitioner on the ground of under valuation of the goods, which were imported by the petitioner being rechargeable battery for torch and emergency light etc. The petitioner submitted that there is no provision for levy of IGST either on the imported goods or the exported goods under the provision of Integrated Goods and Services Tax Act, 2017 and therefore, the insistence on the part of the respondent to furnish the bank guarantee of 25% on the amount of IGST is without any basis. Writ Application allowed declaring that the petitioner is not liable to furnish the bank guarantee for releasing the goods for re-export. — Zip Zap Exim (P) Ltd. Vs. Union of India & 2 Other (S) [2020] 20 TAXLOK.COM 116 (Gujarat)