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2017 (1) TMI 745 - HC - VAT and Sales TaxRelease of detained goods - Form KK - Form LL - Held that: - What has clearly emerged and to that extent it is conceded, even by the petitioner, is that, in one of the Forms, i.e., Form No.FKK28121600008657019, dated 28.12.2016, the basic price was indicated as ₹ 27,01,648/-. Therefore, the respondent is right in contending, that, inadvertently or deliberately, the value was understated. There is material on record, which prima facie, does indicate that the subject goods were imported by SEL from JSL and that, in respect of the subject goods, a certificate has been issued by the Government of India, Ministry of New and Renewable Energy, granting exemption to SEL from payment of additional duty. It is directed to release the subject goods, on deposit of tax, equivalent to 5% of ₹ 10,00,000/-. This payment will be accepted by the respondent to the credit of the dealer i.e., SEL. In addition, a personal bond will be furnished by the authorised representative of the dealer i.e., SEL. On the fulfilment of the aforesaid conditions, the subject goods will be released to the petitioner. Petition allowed - decided partly in favor of petitioner.
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