Article published in Newspaper "Dainik Bhaskar" on the issue of release of goods in transit other than bank guarantee and cash under the GST Act

The Hon'ble Punjab and Haryana High Court has directed respondents to release the goods by furnishing security of immovable property where the petitioner has filed the appeal

Hon'ble Punjab & Haryana High Court in their order dated 31-05-2019, in case of M/s R.R. Enterprises & Another V/s State of Punjab & Others, CWP-28357 of 2018,  has directed the respondents to release the goods and vehicle of the petitioner after furnishing the immovable security within 2 days.  

Further, the amount already deposited while filing the appeal will be deducted from the value of security to be furnished in the form of immovable property. Whereas, in the GST Act, the goods can only be released against the bank guarantee, demand draft or cash payment through portal. Now this important decision has allowed the release of goods against immovable security.

Please find the order dated 31-05-2019:-