TMI BlogOrissa VAT Case: Goods Sold as Scrap Require Penalty and Tax Payment for Release Under Subsection (5.Undervaluation under Orissa VAT - sale of good quality goods as scrap - Release of confiscated goods - only on payment of the penalty imposed under subsection (5) in addition to the tax payable the prescribed authority may release the goods. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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