https://www.taxtmi.com/caselaws?id=431443 The HC held that non-production of the agreement between the Indian exporter and foreign buyer did not invalidate the penultimate seller's claim for exemption under Section 5(3) of the CST Act, as the petitioner complied with other statutory requirements. The disallowance of exemption by lower authorities was improper. Regarding penalty, since the petitioner was granted relief at the first appellate stage and the State did not file any appeal or objection, the Tribunal erred in remanding the penalty matter back to the Assessing Authority. The court ruled in favor of the assessee on both exemption and penalty issues. en-us Thu, 08 Dec 2022 00:00:00 +0530 Mon, 11 Aug 2025 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431443 The HC held that non-production of the agreement between the Indian exporter and foreign buyer did not invalidate the penultimate seller's claim for exemption under Section 5(3) of the CST Act, as the petitioner complied with other statutory requirements. The disallowance of exemption by lower authorities was improper. Regarding penalty, since the petitioner was granted relief at the first appellate stage and the State did not file any appeal or objection, the Tribunal erred in remanding the penalty matter back to the Assessing Authority. The court ruled in favor of the assessee on both exemption and penalty issues. Case-Laws VAT / Sales Tax Thu, 08 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431443