9911796707
TMI Blog2017 (4) TMI 1115X X X X Extracts X X X X X X X X Extracts X X X X ..... undertaken, as contemplated in law, and the transporter shall also submit an indemnity bond in respect of the balance 25% of the value of goods, as determined by the Tribunal - revision allowed. - Sales/Trade Tax Revision No. 159 of 2017 - - - Dated:- 24-4-2017 - Hon'ble Ashwani Kumar Mishra, J. For the Applicant : Bipin Kumar Pandey ORDER The Tribunal has directed release of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ord goes to show that vehicle in question was detained, and driver produced TDF-1, according to which 'parchun' was being transported from Delhi to Gwalior. It transpires that actual product transported was P.V.C. Granules. The rate disclosed in the bill was ₹ 16.50 per Kg. An order of seizure was passed, and the transporter was allowed release of goods upon deposit of 40% of the val ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on is opposed by learned Standing Counsel. Having considered the submissions, this Court finds that declaration made by the transporter in TDF-1 was admittedly incorrect. In the bill and bilty etc., the product was shown as PVC granules but its value has been shown at ₹ 16.50 per Kg. No basis could be disclosed before the Tribunal to support such valuation. The valuation produced by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecords. Learned Standing Counsel submits that penalty proceedings can be initiated, in accordance with law, and there is nothing to protect the interest of revisionist under the order of Tribunal. Sri Krishna Agarwal appearing for the assessee submits that assessee is a transporter and it undertakes to cooperate in the penalty proceedings, if at all are initiated, and shall also furnish in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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