https://www.taxtmi.com/caselaws?id=333058 The High Court released goods seized by State VAT Authorities at a check-post in Gujarat, allowing further movement of machinery for a Chennai-based company. The court directed the petitioner to deposit Rs. 50 lakhs to secure the basic tax liability of around Rs. 48 lakhs, with a penalty not exceeding 150% of that amount. Conditions were imposed for release, including cooperation in assessment proceedings and payment of any additional tax, interest, or penalty. Once conditions were fulfilled, goods and trucks were to be released promptly. The petition was disposed of with immediate effect. en-us Thu, 08 Sep 2016 00:00:00 +0530 Mon, 03 Oct 2016 00:12:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333058 The High Court released goods seized by State VAT Authorities at a check-post in Gujarat, allowing further movement of machinery for a Chennai-based company. The court directed the petitioner to deposit Rs. 50 lakhs to secure the basic tax liability of around Rs. 48 lakhs, with a penalty not exceeding 150% of that amount. Conditions were imposed for release, including cooperation in assessment proceedings and payment of any additional tax, interest, or penalty. Once conditions were fulfilled, goods and trucks were to be released promptly. The petition was disposed of with immediate effect. Case-Laws VAT and Sales Tax Thu, 08 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333058