https://www.taxtmi.com/caselaws?id=221974 Penalty proceedings for import under Form C could not be sustained without first reopening the original assessment and recording a finding that the concessional import was invalid. Where the assessee had imported goods at the concessional rate and the authorities neither disturbed the assessment nor substituted a higher tax rate on a foundational basis, penalty could not rest only on the omission of the item from registration particulars. The long lapse of time after the import also supported the view that the proceedings were unwarranted. en-us Thu, 27 Dec 2012 00:00:00 +0530 Mon, 08 Apr 2013 18:16:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221974 Penalty proceedings for import under Form C could not be sustained without first reopening the original assessment and recording a finding that the concessional import was invalid. Where the assessee had imported goods at the concessional rate and the authorities neither disturbed the assessment nor substituted a higher tax rate on a foundational basis, penalty could not rest only on the omission of the item from registration particulars. The long lapse of time after the import also supported the view that the proceedings were unwarranted. Case-Laws VAT and Sales Tax Thu, 27 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221974