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.

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