https://www.taxtmi.com/caselaws?id=166417 The circular fixing floor rates for imported timber for advance tax under the Kerala Value Added Tax framework was upheld as a reasonable administrative measure. The court noted that advance tax is payable before sale, so an estimated value was necessary, and the Commissioner was competent to identify evasion-prone goods and issue rates to ensure uniformity and avoid disputes at the entry stage. The rates were not shown to be unrelated to prevailing market prices, and no actual sale below the floor rate was demonstrated. Final tax liability continued to depend on the actual sale price, with credit for advance tax paid and refund available for excess collection. en-us Wed, 27 Jan 2010 00:00:00 +0530 Fri, 17 Oct 2014 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166417 The circular fixing floor rates for imported timber for advance tax under the Kerala Value Added Tax framework was upheld as a reasonable administrative measure. The court noted that advance tax is payable before sale, so an estimated value was necessary, and the Commissioner was competent to identify evasion-prone goods and issue rates to ensure uniformity and avoid disputes at the entry stage. The rates were not shown to be unrelated to prevailing market prices, and no actual sale below the floor rate was demonstrated. Final tax liability continued to depend on the actual sale price, with credit for advance tax paid and refund available for excess collection. Case-Laws VAT and Sales Tax Wed, 27 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166417