Section 129 – Detention, seizure and release of goods and conveyances in transit of CGST ACT, 2017<\/p>\n
129. (1) Notwithstanding anything contained in this Act, where any person transports
\nany goods or stores any goods while they are in transit in contravention of the provisions of
\nthis Act or the rules made thereunder, all such goods and conveyance used as a means of
\ntransport for carrying the said goods and documents relating to such goods and conveyance
\nshall be liable to detention or seizure and after detention or seizure, shall be released,\u2013\u2013
\n(a) on payment of the applicable tax and penalty equal to one hundred per cent.
\nof the tax payable on such goods and, in case of exempted goods, on payment of an
\namount equal to two per cent. of the value of goods or twenty-five thousand rupees,
\nwhichever is less, where the owner of the goods comes forward for payment of such
\ntax and penalty;
\n(b) on payment of the applicable tax and penalty equal to the fifty per cent. of the
\nvalue of the goods reduced by the tax amount paid thereon and, in case of exempted
\ngoods, on payment of an amount equal to five per cent. of the value of goods or
\ntwenty-five thousand rupees, whichever is less, where the owner of the goods does
\nnot come forward for payment of such tax and penalty;
\n(c) upon furnishing a security equivalent to the amount payable under clause (a)
\nor clause (b) in such form and manner as may be prescribed:
\nProvided that no such goods or conveyance shall be detained or seized without
\nserving an order of detention or seizure on the person transporting the goods.
\n(2) The provisions of sub-section (6) of section 67 shall, mutatis mutandis, apply for
\ndetention and seizure of goods and conveyances.
\n(3) The proper officer detaining or seizing goods or conveyances shall issue a notice
\nspecifying the tax and penalty payable and thereafter, pass an order for payment of tax and
\npenalty under clause (a) or clause (b) or clause (c).
\n(4) No tax, interest or penalty shall be determined under sub-section (3) without giving
\nthe person concerned an opportunity of being heard.
\n(5) On payment of amount referred in sub-section (1), all proceedings in respect of the
\nnotice specified in sub-section (3) shall be deemed to be concluded.
\n(6) Where the person transporting any goods or the owner of the goods fails to pay
\nthe amount of tax and penalty as provided in sub-section (1) within seven days of such
\ndetention or seizure, further proceedings shall be initiated in accordance with the provisions
\nof section 130:
\nProvided that where the detained or seized goods are perishable or hazardous in
\nnature or are likely to depreciate in value with passage of time, the said period of seven days
\nmay be reduced by the proper officer<\/p>\n","protected":false},"excerpt":{"rendered":"
Section 129 – Detention, seizure and release of goods and conveyances in transit of CGST ACT, 2017 129. (1) Notwithstanding anything contained in this Act, where any person transports any goods or stores any goods while they are in transit in contravention of the provisions of this Act or the rules made thereunder, all such … Continue reading “Section 129 – Detention, seizure and release of goods and conveyances in transit of CGST ACT, 2017”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/387"}],"collection":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/comments?post=387"}],"version-history":[{"count":1,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/387\/revisions"}],"predecessor-version":[{"id":388,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/387\/revisions\/388"}],"wp:attachment":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/media?parent=387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/categories?post=387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/tags?post=387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}