https://www.taxtmi.com/caselaws?id=161064 Verification of goods in transit may extend to scrutiny of the declared market value where the statute permits checking for possible tax evasion, and valuation-based penalty action can be sustained on that footing. The Tribunal treated the West Bengal Sales Tax Act and Rule 214C(4) as adequate authority for examining under-valuation in the way bill or invoice and upheld the seizure-related penalty. A mistaken reference to rule 212(10) was treated as a clerical error that did not vitiate the proceedings, because the substantive power existed and no prejudice was shown. The challenge to seizure, valuation and penalty therefore failed, and refund was denied. en-us Fri, 24 Nov 2000 00:00:00 +0530 Tue, 31 Dec 2013 14:38:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161064 Verification of goods in transit may extend to scrutiny of the declared market value where the statute permits checking for possible tax evasion, and valuation-based penalty action can be sustained on that footing. The Tribunal treated the West Bengal Sales Tax Act and Rule 214C(4) as adequate authority for examining under-valuation in the way bill or invoice and upheld the seizure-related penalty. A mistaken reference to rule 212(10) was treated as a clerical error that did not vitiate the proceedings, because the substantive power existed and no prejudice was shown. The challenge to seizure, valuation and penalty therefore failed, and refund was denied. Case-Laws VAT and Sales Tax Fri, 24 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161064