Thursday 17 September 2015

Assessee trying to sell goods in domestic market in disguise of export is liable for penalty

CST & VAT : Karnataka VAT - Where assessee was transporting in a vehicle its product from Belgaum to Mumbai and officer-in-charge of check post intercepted said vehicle and having noticed that goods were not meant for export as claimed and transaction was within country imposed penalty upon assessee under section 53(12), imposition of penalty was justified

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