FORM GST INS-04 - Bond for provisional release of seized goods
The proper officer permits provisional release of seized goods on the required bond and security.
Responsible actor: The goods owner executes the ordered bond and furnishes bank-guarantee security. Provision: Section 67(6); rule 140.
Official source and completed example
Download official blank source extract PDF Download completed fictional sample PDF
The sample is a flowed model of the prescribed fields and selected paragraphs, not an official issued PDF. Names, references and facts are fictional. It contains no signature, stamp, DSC or simulated approval.
CGST Act/Rules checked 21 October 2026. Blank source extract: official 1 January 2022 Part B. Current rules cross-checked in ICAI April 2026 bare law, PDF pages 342–346. Later portal requirements and distinct statutory conditions are identified in the guidance.
Worked facts and completed entries
After the INS-02 seizure, the fictional owner seeks provisional release on 4 September 2026. Goods value is INR 1,00,000, so the bond is INR 1,00,000. The scenario assumes a competent provisional security calculation of tax INR 18,000, interest nil and potential penalty INR 20,000, giving a bank guarantee of INR 38,000. The assumed potential penalty is not an automatic adjudicated liability.
Bond parties and sums
| Obligor | Aster Learning Supplies Private Limited (fictional); 12 Learning Park, Bengaluru, Karnataka 560001 (fictional) |
|---|---|
| Beneficiary | President of India / Governor of Karnataka, as applicable to the actual instrument |
| Bond sum | INR 1,00,000 — one lakh rupees |
| Date/place | 4 September 2026 / Bengaluru |
| Seizure order/date | ILLUSTRATION-INS02-2026-01 / 1 September 2026 |
| Goods value | INR 1,00,000 |
| Tax involved | INR 18,000 |
| Security amount | INR 38,000 — thirty-eight thousand rupees |
| Security mode/reference | Bank guarantee ILLUSTRATION-BG-INS-0038, 4 September 2026; Fictional Example Bank |
Recital and provisional-release request
The ten ASTER-EM1 modules were seized under section 67(2) in the stated order. On the obligor’s request, provisional release is assumed to have been permitted upon a bond equal to goods value and the separately calculated bank guarantee. No permission letter or guarantee is simulated by this model.
Production and payment conditions
The obligor undertakes to produce the provisionally released goods whenever required by the duly authorised proper officer. If the lawfully demanded tax, interest, penalty, fine and other charges are paid within ten days of a written demand, the obligation becomes void; otherwise it remains in force and the Government may enforce the bond/security according to its terms.
Witnesses and execution
| Witness 1 | Arun Sen, 16 Learning Park, Bengaluru 560001 (fictional; unsigned) |
|---|---|
| Witness 2 | Leela Das, 18 Learning Park, Bengaluru 560001 (fictional; unsigned) |
| Witness/officer signatures | Not executed; no seal or approval reproduced |
Execution and Government acceptance
| Obligor name/status | Meera Rao, authorised director (fictional; unsigned) |
|---|---|
| Obligor signature | Not executed |
| Witness date/place | 4 September 2026 / Bengaluru |
| Government acceptance | Not executed; no officer signature, seal, acceptance or approval reproduced |
How this form moves the matter forward
- Match the bond to the seized goods and their value, and calculate security from the actual applicable tax, interest and penalty.
- Obtain an actual bank guarantee and execute the prescribed bond only after the competent provisional-release conditions are known.
- Produce the goods when required and track any written demand, discharge and formal security release.
Evidence supporting these entries
- INS-02 goods inventory and value evidence
- Competent release/security calculation and actual bank guarantee
- Executed bond and production/payment records in a real matter
Period and legal consequences
Rule 140 uses a goods-value bond and security equal to applicable tax, interest and penalty. It does not use the 25%-of-bond ceiling applicable to provisional assessment under rule 98. Although the historical bond recital says cash/bank guarantee, the operative rule requires bank-guarantee security.
Primary source and exact locator
Official notified form source: PDF pages 411-412; printed pages 405-406.
CGST Act and government-hosted Act and Rules compilation - Section 67(6); rule 140. Source and example revision: 21 October 2026.
Questions answered by this example
Who prepares or issues this form?
The goods owner executes the ordered bond and furnishes bank-guarantee security. The proper officer permits provisional release of seized goods on the required bond and security.
Can this sample be filed or treated as an issued document?
No. It is a completed fictional teaching example. Use the notified form and the authenticated portal/proceeding record for an actual matter. The example contains no executed signature or official approval.
What must reconcile before the next step?
INS-02 goods inventory and value evidence; Competent release/security calculation and actual bank guarantee; Executed bond and production/payment records in a real matter.