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2016 (4) TMI 879 - HC - VAT and Sales TaxSeeking release of vehicle - Detained on the allegation of evasion of VAT under section 68 of the VAT Act - Registration of the dealer whose name was found in the documents had been cancelled - Held that:- as the petitioner showed willingness to deposit the entire possible tax amount with maximum possible penalty at the rate of 150% of the basic tax, by imposing condition of petitioner depositing the entire possible tax with maximum possible penalty, the truck and the goods may be released. Under section 68(5) of the Value Added Tax Act, the Deputy Commissioner has the power to release such goods pending assessment on such conditions of depositing tax and penalty or furnishing security as may be found fit. Therefore, subject to final assessment and adjustment of deposited amount towards the duty and penalty liability, the truck and the goods be released. - Petition disposed of
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