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Confiscation of goods and levy of penalty

Section 70 - Draft-Bills-Reports - OFFENCES AND PENALTIES - Goods and Services Tax - Section 70 - 70. (1) If any person - (i) supplies any goods in contravention of any of the provisions of this Act or rules made thereunder leading to evasion of tax; .....

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les made thereunder with intent to evade payment of tax, then, all such goods shall be liable to confiscation and the person shall be liable to penalty under section 66. (2) Whenever confiscation of any goods is authorized by this Act, the CGST/SGST .....

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rovided that such fine shall not exceed the market price of the goods confiscated, less the tax chargeable thereon. (3) Where any fine in lieu of confiscation of goods is imposed under sub-section (2), the owner of such goods or the person referred t .....

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