https://www.taxtmi.com/caselaws?id=258069 Failure to produce relevant records at the time of inspection justified seizure of goods under the Uttar Pradesh Value Added Tax Act, 2008, and later-furnished documents could be considered separately in penalty proceedings. The release condition requiring cash security equal to 30% of the goods' value was modified because the statute permits the authority to accept a lesser amount or security in a form other than cash, and the accounting of the goods remained open. The seizure was sustained, but the mode of security for release was relaxed in favour of the applicant. en-us Wed, 19 Nov 2014 00:00:00 +0530 Mon, 07 Mar 2016 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258069 Failure to produce relevant records at the time of inspection justified seizure of goods under the Uttar Pradesh Value Added Tax Act, 2008, and later-furnished documents could be considered separately in penalty proceedings. The release condition requiring cash security equal to 30% of the goods' value was modified because the statute permits the authority to accept a lesser amount or security in a form other than cash, and the accounting of the goods remained open. The seizure was sustained, but the mode of security for release was relaxed in favour of the applicant. Case-Laws VAT and Sales Tax Wed, 19 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258069