https://www.taxtmi.com/caselaws?id=161713 Penalty for transporting imported goods without Form XXXI was held unsustainable where the transactions were fully recorded in the assessee's books, supported by customs records, tax had been paid with interest, and no intention to evade tax or cause revenue loss was found. The court treated the lapse as only technical or venial and reiterated that a penalty for breach of a statutory obligation is not automatic. In the absence of deliberate defiance, contumacy, dishonesty, or conscious disregard of the obligation, the penalty could not be maintained and was liable to be cancelled in favour of the assessee. en-us Tue, 23 Sep 2003 00:00:00 +0530 Tue, 04 Feb 2014 17:06:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161713 Penalty for transporting imported goods without Form XXXI was held unsustainable where the transactions were fully recorded in the assessee's books, supported by customs records, tax had been paid with interest, and no intention to evade tax or cause revenue loss was found. The court treated the lapse as only technical or venial and reiterated that a penalty for breach of a statutory obligation is not automatic. In the absence of deliberate defiance, contumacy, dishonesty, or conscious disregard of the obligation, the penalty could not be maintained and was liable to be cancelled in favour of the assessee. Case-Laws VAT and Sales Tax Tue, 23 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161713