https://www.taxtmi.com/caselaws?id=189531 Undervaluation allegations cannot be sustained merely by referring to maximum retail price, because retail price may differ from actual market value and dealer circumstances. A fair valuation requires relevant comparative material, such as sales of similar goods, the dealer's own records, and other market evidence. A market survey used against the dealer must be disclosed and tested through an opportunity to respond; material gathered behind the dealer's back should not form the sole basis for adverse action. Where goods remain seized and valuation is unresolved, the proper course is release on security and a fresh determination after both sides are allowed to lead evidence. en-us Thu, 12 Mar 2015 00:00:00 +0530 Wed, 11 Jan 2017 20:34:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189531 Undervaluation allegations cannot be sustained merely by referring to maximum retail price, because retail price may differ from actual market value and dealer circumstances. A fair valuation requires relevant comparative material, such as sales of similar goods, the dealer's own records, and other market evidence. A market survey used against the dealer must be disclosed and tested through an opportunity to respond; material gathered behind the dealer's back should not form the sole basis for adverse action. Where goods remain seized and valuation is unresolved, the proper course is release on security and a fresh determination after both sides are allowed to lead evidence. Case-Laws VAT and Sales Tax Thu, 12 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189531