Section 140: Bond and security for release of seized goods

Q: What does Section 140 of The Central Goods and Services Tax Rules, 2017 (GST) deal with?

Section 140 GST pertains to "Bond and security for release of seized goods". It is part of the The Central Goods and Services Tax Rules, 2017, a legislation enacted by the Parliament of India. Section 140 of The Central Goods and Services Tax Rules, 2017 (GST) governs bond and security for release of seized goods. As verified on 19 May 2026.

Q: Is Section 140 GST still in force?

Yes, Section 140 of the The Central Goods and Services Tax Rules, 2017 is currently in force across the Republic of India.

Q: What is धारा 140 GST?

धारा 140 GST is the Devanagari Hindi reference for Section 140 of the The Central Goods and Services Tax Rules, 2017. Section 140 of The Central Goods and Services Tax Rules, 2017 (GST) governs bond and security for release of seized goods. As verified on 19 May 2026.

Q: What is Dhara 140 GST?

Dhara 140 GST is the Roman Hindi reference for Section 140 of the The Central Goods and Services Tax Rules, 2017. "Dhara" means "Section" in Hindi. Section 140 of The Central Goods and Services Tax Rules, 2017 (GST) governs bond and security for release of seized goods. As verified on 19 May 2026.

Q: How to cite Section 140 of The Central Goods and Services Tax Rules, 2017?

Cite as: "Section 140, The Central Goods and Services Tax Rules, 2017 (GST)" in legal briefs. For academic writing, use the BlueBook format: The Central Goods and Services Tax Rules, 2017, § 140 (India).

Law on Tips Editorial Board

(1)

The seized goods may be released on a provisional basis upon execution of a bond for the value of the goods in FORM GST INS-04 and furnishing of a security in the form of a bank guarantee equivalent to the amount of applicable tax, interest and penalty payable.

Explanation. - For the purposes of the rules under the provisions of this Chapter, the "applicable tax " shall include central tax and State tax or central tax and the Union territory tax, as the case may be and the cess, if any, payable under the Goods and Services Tax (Compensation to States) Act, 2017 (15 of 2017).

(2)

In case the person to whom the goods were released provisionally fails to produce the goods at the appointed date and place indicated by the proper officer, the security shall be encashed and adjusted against the tax, interest and penalty and fine, if any, payable in respect of such goods.