Section 130 - Confiscation of goods or conveyances and levy of penalty.

Confiscation of goods or conveyances: liable to seizure and penalty, with option to pay fine and right to hearing.

Section 130 authorises confiscation of goods or conveyances and concomitant penalty where goods are supplied, received, unaccounted for, supplied without registration, or conveyed in contravention of the Act or rules with intent to evade tax, and provides an owner an option to pay a fine in lieu of confiscation within statutory limits, requires an opportunity to be heard, vests title of confiscated items in the Government, and permits disposal of such items with proceeds deposited to the Government.