Wednesday 21 January 2015

HC directs assessee to deposit security to release goods which were seized due to inadequate docs

CST & VAT : U.P. VAT Act - Where assessee, a registered dealer, was carrying oil from one place to another place within State of U.P. and mobile squad seized same on plea that it was not accompanied by adequate documents, in view of circular dated 9-7-2014, assessee was required to deposit security amount equivalent to 15 per cent of value of oil for release of same


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