https://www.taxtmi.com/caselaws?id=165017 False disclosure of quantity in transit documents was treated as a case of suppressed and inaccurate documentation, so the special under-invoicing provision was held inapplicable and the transit penalty provision applied instead. Once the statutory conditions under the penalty provision were satisfied, the penalty was described as mandatory and not left to administrative discretion. On valuation, the local sale price could not be used where the actual purchase price was available on record; recomputation was directed on the basis of the proved purchase price, with credit for amounts already deposited. en-us Fri, 02 Jul 2010 00:00:00 +0530 Sat, 04 Oct 2014 19:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165017 False disclosure of quantity in transit documents was treated as a case of suppressed and inaccurate documentation, so the special under-invoicing provision was held inapplicable and the transit penalty provision applied instead. Once the statutory conditions under the penalty provision were satisfied, the penalty was described as mandatory and not left to administrative discretion. On valuation, the local sale price could not be used where the actual purchase price was available on record; recomputation was directed on the basis of the proved purchase price, with credit for amounts already deposited. Case-Laws VAT and Sales Tax Fri, 02 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165017