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2017 (3) TMI 212 - HC - VAT and Sales TaxRelease of seized goods - invoices mentioned Tin numbers, which were found to be non-existent - the consignor and consignee were all fictitious persons - Held that: - goods were being transported with a valid Transit Declaration Form (TDF), and at the time when goods were seized, it was en-route, as disclosed in TDF, and period for the vehicle to exit had not expired. The interest of the parties would have to be protected, particularly as proceedings u/s 48 are likely to be initiated in the matter. It is found that goods were being transported pursuant to a TDF, and at the time when goods were seized, they were found to be en-route disclosed in the TDF, and time to exit State had not expired - the direction issued by the Tribunal to release the goods upon deposit of 10% amount of the estimated value in cash or bank guarantee cannot be said to be bad in law. Revision disposed off.
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