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of <h1>Goods Seizure in Transit: Understanding Penalties and Release under Section 129 of Mizoram GST Act, 2017</h1> Section 129 of the Mizoram Goods and Services Tax Act, 2017, addresses the detention, seizure, and release of goods and conveyances in transit if transported in violation of the Act. Goods and conveyances can be detained or seized and released upon payment of applicable taxes and penalties. If the owner comes forward, the penalty is 100% of the tax; if not, 50% of the goods' value minus the tax paid. Alternatively, a security equivalent to the payable amount can be furnished. A notice specifying tax and penalty must be issued, and the person must be given a hearing opportunity. Failure to pay within seven days leads to further proceedings under Section 130.
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