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Confiscation of goods and levy of penalty

Section 70 - Draft-Bills-Reports - OFFENCES AND PENALTIES - MODEL GST LAW - GOODS AND SERVICES TAX ACT, 2016 - Draft June 2016 - Section 70 - 70. (1) If any person - (i) supplies any goods in contravention of any of the provisions of this Act or rule .....

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enes any of the provisions of this Act or rules 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 goo .....

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such fine as the said officer thinks fit: Provided 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 .....

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