Precondition of Deposit of 25% of tax penalty interest u/s 62(5) of PVAT Act 2005 not neccessary where the goods are detained by the Department

0 comments Tuesday, March 16, 2010
Section 62(5) of the PVAT Act 2005 provides for the precondition of deposit of 25% of total amount of tax, penalty and interest , if any before entertaining any appeal. Such condition was also imposed evan on those appealent whose entire goods are detained by the department u/s 51 evan if the value of such detained goods exceed the total amount of tax, penality, interest. In such cases it results in burdening the assessee with another liability.

Read On
Subscribe to: Posts ( Atom )