GST DAILY – 330 : HC directed to release seized gold ornaments on execution of bond by designated partner of assessee

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THE HON’BLE KERALA HIGH COURT IN THE CASE OF Velayudhan Gold LLP V/s Intelligence Officer, Intelligence Unit, Kottarakara, decided on 24-7-2024

👉 Issue:-

✔️ Can Department seized gold ornaments of Assessee U/Sec 67 of CGST Act,2017?

👉 The Hon’ble High Court Judgement:-

✔️ Where gold ornaments of assessee were seized, said gold ornaments were liable to be released on execution of bond by designated partner of assessee in manner required by Adjudicating Authority.

Section 67 of Central Goods and Services Tax Act, 2017