Penalty framework for detained goods redefined to set differential rates, notice timelines and release or disposal conditions. Amendment to section 129 prescribes two penalty regimes for detained or seized goods-one where the owner comes forward and a higher one where the owner ... Summary
Penalty framework for detained goods redefined to set differential rates, notice timelines and release or disposal conditions.
Amendment to section 129 prescribes two penalty regimes for detained or seized goods-one where the owner comes forward and a higher one where the owner does not-requires the proper officer to issue a notice within seven days and pass an order within seven days of that notice, limits non liability language to "No penalty", provides a fifteen day window for payment before sale or disposal to recover the penalty, allows release of conveyances on payment up to a capped amount, and permits reduction of the fifteen day period for perishable or hazardous goods.
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