https://www.taxtmi.com/caselaws?id=157998 Penalty for importing goods without furnishing form XXXI was held unsustainable because the record showed only a technical breach. The goods were used as raw material, duly accounted for in the books, and there was no evidence of suppressed turnover, tax evasion, dishonest conduct, or conscious disregard of the statutory obligation. In these circumstances, the default was treated as a venial lapse rather than contumacious non-compliance, and the penalty levy was quashed. en-us Wed, 05 Oct 1994 00:00:00 +0530 Mon, 14 Oct 2013 17:52:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157998 Penalty for importing goods without furnishing form XXXI was held unsustainable because the record showed only a technical breach. The goods were used as raw material, duly accounted for in the books, and there was no evidence of suppressed turnover, tax evasion, dishonest conduct, or conscious disregard of the statutory obligation. In these circumstances, the default was treated as a venial lapse rather than contumacious non-compliance, and the penalty levy was quashed. Case-Laws VAT and Sales Tax Wed, 05 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157998