Detention & Seizure of Goods/conveyance Section 129

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..... ce shall be detained or seized without serving an order of detention or seizure on the person transporting the goods. Penalty in case of Detention or seizure Goods detained can be released a) In case owner comes forward for the payment of penalty equal to - a) in case of t axable goods , 200% of tax b) In case of exempted goods , Whichever is less 2% of value of goods or Rs. 25000 c) upon furnishi .....

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..... ng of order for payment of penalty within 7 days of notice [ Section 129(3) read with Rule 142(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 notice, for payment of penalty under clause .....

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..... shall intimate the proper officer of such payment in FORM GST DRC-03 and the proper officer shall issue an intimation in FORM GST DRC-05 concluding the proceedings in respect of the said notice. substituted w.e.f. 01.11.2024 vide N.No. 20/2024-CT dated 08.10.2024 ] Disposal of goods within 15 days in case of failure to pay the amount of penalty [ Section 129(6) ] Where the person transporting any .....

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