Detention and seizure penalty framework under GST amended with revised release conditions, notices, and recovery mechanism.

Amendment of section 129 revises the detention and seizure penalty framework under the Central Goods and Services Tax Act. It substitutes the penalty amounts where the owner of goods comes forward or does not come forward, omits sub-section (2), requires notice and order within seven days, and substitutes the release and recovery mechanism under sub-section (6), including sale or disposal of goods or conveyance on non-payment within fifteen days.

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