https://www.taxtmi.com/caselaws?id=195304 Seizure of goods and vehicle, and the resulting tax and penalty demand, cannot rest on bare suspicion of undervaluation when the consignment is supported by transport documents and declarations. The Patna HC noted that the statutory power to verify transit goods applies only on reasonable grounds based on material showing that the declaration is incomplete or incorrect. Here, the officer enhanced the declared value without cogent reason or supporting evidence, and the record disclosed no basis for inferring deliberate undervaluation. In the absence of material showing contravention, the seizure and consequential demand were held unsustainable. en-us Wed, 07 May 2014 00:00:00 +0530 Thu, 26 Oct 2017 08:33:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195304 Seizure of goods and vehicle, and the resulting tax and penalty demand, cannot rest on bare suspicion of undervaluation when the consignment is supported by transport documents and declarations. The Patna HC noted that the statutory power to verify transit goods applies only on reasonable grounds based on material showing that the declaration is incomplete or incorrect. Here, the officer enhanced the declared value without cogent reason or supporting evidence, and the record disclosed no basis for inferring deliberate undervaluation. In the absence of material showing contravention, the seizure and consequential demand were held unsustainable. Case-Laws VAT and Sales Tax Wed, 07 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195304