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Procedure in respect of seized goods.-

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..... he goods or things seized are of perishable or hazardous nature, and if the taxable person pays an amount equivalent to the market price of such goods or things or the amount of tax, interest and pena .....

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..... ized thereby shall be adjusted against the tax, interest, penalty, or any other amount payable in respect of such goods or things. ************ NOTES:- 1. Substituted vide Notification No. 16/2020 .....

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