TMI BlogDetention, seizure and release of goods and conveyances in transitX X X X Extracts X X X X X X X X Extracts X X X X ..... on of the provisions of this Act or the rules made thereunder, all such goods and conveyance used as a means of transport for carrying the said goods and documents relating to such goods and conveyance shall be liable to detention or seizure and after detention or seizure, shall be released, 2 [ (a) on payment of penalty equal to two hundred per cent. of the tax payable on such goods and, i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e shall be detained or seized without serving an order of detention or seizure on the person transporting the goods. 3 [ **** ] 4 [ (3) The proper officer detaining or seizing goods or conveyance shall issue a notice within seven days of such detention or seizure, specifying the penalty payable, and thereafter, pass an order within a period of seven days from the date of service of such ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ayable under sub-section (3): Provided that the conveyance shall be released on payment by the transporter of penalty under sub-section (3) or one lakh rupees, whichever is less: Provided further that where the detained or seized goods are perishable or hazardous in nature or are likely to depreciate in value with passage of time, the said period of fifteen days may be reduced by the proper ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mpted goods, on payment of an amount equal to five per cent. of the value of goods or twenty-five thousand rupees, whichever is less, where the owner of the goods does not come forward for payment of such tax and penalty; 3. Omitted vide THE FINANCE ACT, 2021 dated 28-03-2021 w.e.f. 01-01-2022 before it was read as (2) The provisions of sub-section (6) of section 67 shall, mutatis mu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... within 1 [ fourteen days ] of such detention or seizure, further proceedings shall be initiated in accordance with the provisions of section 130: Provided that where the detained or seized goods are perishable or hazardous in nature or are likely to depreciate in value with passage of time, the said period of seven days may be reduced by the proper officer. - - statute, statutory pro ..... X X X X Extracts X X X X X X X X Extracts X X X X
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