Appellate Authority: Sets-aside order citing improper valuation methodology, imposes penalty for not carrying ‘valid documents’

Appellate Authority sets aside penalty imposed on account of transporting goods without proper documents such as e-way bill in respect of machinery sent for repairs outside the State; Observing that goods sent in the conveyance were not for 'sale', states that as the transaction has no tax implications, consideration of 9-month old invoice value “for valuation of transaction is not just and proper as the disputed goods were old and were dispatched for repair"; Sets-aside or...