2009 (10) TMI 847

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....dated June 27, 2009 for the assessment year 2008-09 relating to the seizure of the goods. The applicant claims to be a registered dealer. The applicant claimed that goods were sold to one M/s. Shri Ram Oil Trading Company, Darashi No. 3, Agra, against invoice No. 02/071 dated March 20, 2009. While the goods were in transit at Mathura it was intercepted by the Mobil Squad, Mathura. The driver of th....

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....fficer regarding other activities of the applicant and on the basis of those materials, the seizure order was passed, seizing the goods. For the release of the goods, the value of the goods were estimated at Rs. 5,49,984 and 40 per cent of the value of the goods was demanded towards security. The applicant filed a representation under section 48(7) of the Act which was allowed in part. The Join....

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....om NOIDA and not from Delhi. He further submitted that the estimate of the value of the goods and demand of the security at three times of the tax is not justified. He submitted that the circular issued by the Commissioner clearly states that if the movement of the goods are within the State of U.P. by a registered dealer the security should not be more than two times of the tax. The learned st....