Undervaluation of goods – validity of Seizure and auction – ...
State Ordered to Compensate for Arbitrary Seizure of Goods; Pay Rs. 4,80,000 Plus 12% Interest.
August 13, 2015
Case Laws VAT and Sales Tax HC
Undervaluation of goods – validity of Seizure and auction – auction was totally arbitrary and unconscionable, liable to be struck down – Petitioner was deprived of his goods and was paid nothing –Therefore, State directed to pay to petitioner sum of ₹ 4,80,000 which was declared value of goods along with interest at 12 per cent after deducting amount of tax payable - HC
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