Undervaluation of Goods in Transit Doesn't Justify Confiscation of Goods or Vehicle; VAT and Sales Tax Context.

Undervaluation of Goods in Transit Doesn't Justify Confiscation of Goods or Vehicle; VAT and Sales Tax Context. https://www.taxtmi.com/highlights?id=68624 Detention of goods - Under valuation - It is well settled proposition of law that undervaluation of seized goods in transit cannot be a ground to confiscate the goods and the vehicle. There cannot be any mechanical detention of a consignment in transit on the basis that the goods being transported are undervalued. - HC en-us Tue, 07 Mar 2023 11:07:17 +0530 Tue, 07 Mar 2023 11:07:17 +0530 TaxTMI RSS Generator Undervaluation of Goods in Transit Doesn't Justify Confiscation of Goods or Vehicle; VAT and Sales Tax Context. https://www.taxtmi.com/highlights?id=68624 Detention of goods - Under valuation - It is well settled proposition of law that undervaluation of seized goods in transit cannot be a ground to confiscate the goods and the vehicle. There cannot be any mechanical detention of a consignment in transit on the basis that the goods being transported are undervalued. - HC Highlights VAT and Sales Tax Tue, 07 Mar 2023 11:07:17 +0530 https://www.taxtmi.com/highlights?id=68624