https://www.taxtmi.com/caselaws?id=327616 Anti-dumping duty on imported components was held to form part of the sale price for VAT purposes where the SEZ clearance regime caused the duty to attach on removal to the Domestic Tariff Area, and contractual allocation of payment to the buyer did not change its incidence. Penalty under the Tamil Nadu VAT Act was set aside because it required a finding of wilful non-disclosure of assessable turnover, which was absent in a bona fide dispute on taxability. The refund claim for tax paid on customs or countervailing duty was rejected because the statutory protection ceased on SEZ removal and the duty could not be treated as wrongly paid. en-us Mon, 18 Apr 2016 00:00:00 +0530 Wed, 18 Jan 2017 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327616 Anti-dumping duty on imported components was held to form part of the sale price for VAT purposes where the SEZ clearance regime caused the duty to attach on removal to the Domestic Tariff Area, and contractual allocation of payment to the buyer did not change its incidence. Penalty under the Tamil Nadu VAT Act was set aside because it required a finding of wilful non-disclosure of assessable turnover, which was absent in a bona fide dispute on taxability. The refund claim for tax paid on customs or countervailing duty was rejected because the statutory protection ceased on SEZ removal and the duty could not be treated as wrongly paid. Case-Laws VAT and Sales Tax Mon, 18 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327616