Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

2016 (11) TMI 1263 - GUJARAT HIGH COURT

2016 (11) TMI 1263 - GUJARAT HIGH COURT - TMI - Release of attached warehoused goods - Castor Seeds - upon raiding such godown, it was found that the petitioner has stored the said goods without proper documentation with an intention to evade payment of duty - Held that: - the petitioner's estimated tax, interest and penalty liability works out to ₹ 1,54,36,314/. This takes into account maximum imposable penalty at one and a half times the tax. So far assessment is not yet made, the final .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

artment of sum of ₹ 1.55 crores to be recovered by the department with the tax when interest and penalty liabilities are crystallized, the goods lying in the warehouse of M/s Edelweiss Integrated Commodity Management Limited shall be released - decided partly in favor of petitioner. - Special Civil Application No. 16619 of 2016 - Dated:- 21-10-2016 - Akil Kureshi And A. J. Shastri, JJ. Vijay H Patel, Advocate for the Petitioner Mr. Pranav Trivedi, AGP for the Respondent ORDER ( Per : Honou .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ocumentation with an intention to evade payment of duty. Since then, the goods are lying in such condition at the said godown. 2. Learned counsel for the petitioner submitted that the goods are perishable in nature and further detention would result in deterioration of its quality. Further, the petitioner has found buyers and has committed to delivering the goods before Diwali. He therefore requested that the goods may be released under appropriate conditions. 3. Learned AGP Shri Trivedi submitt .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ted without fully protecting the interest of the Revenue. In this respect, we are not inclined to accept the version of the petitioner that the petitioner has to receive refund of nearly 10 crores of rupees from the department. We do not have full facts of such refund claims, nor do we have the details of the stages at which such claims are pending. However, a letter dated 28.03.2016 produced at AnnexureF to the petition, written by the petitioner to the VAT authorities gives us sufficient clues .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version