https://www.taxtmi.com/caselaws?id=164411 Failure to produce transit declarations duly endorsed at the exit check-post, together with incomplete way-bills and non-observance of statutory transport formalities, was held to justify initiation and continuance of penalty proceedings under the Value Added Tax Act, 2003. The fact that the goods were ultimately received outside the State did not cure the unexplained non-compliance. However, the penalty was found excessive on the facts, and the Tribunal moderated it to the minimum appropriate level, reducing it to five per cent of the value estimated by the assessing authority. en-us Wed, 01 Apr 2009 00:00:00 +0530 Wed, 12 Nov 2014 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164411 Failure to produce transit declarations duly endorsed at the exit check-post, together with incomplete way-bills and non-observance of statutory transport formalities, was held to justify initiation and continuance of penalty proceedings under the Value Added Tax Act, 2003. The fact that the goods were ultimately received outside the State did not cure the unexplained non-compliance. However, the penalty was found excessive on the facts, and the Tribunal moderated it to the minimum appropriate level, reducing it to five per cent of the value estimated by the assessing authority. Case-Laws VAT and Sales Tax Wed, 01 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164411