Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Perishable or hazardous seized goods released on paying market value or tax, interest and penalty via FORM GST INS-05</h1> Where seized goods are perishable or hazardous, the taxable person may obtain immediate release by paying either the market value of the goods or the tax, interest and penalty attributable to them, whichever is lower, and producing proof of payment, upon which release is ordered in FORM GST INS-05. If the taxable person does not pay that amount, the proper officer may dispose of the goods and apply the proceeds against any tax, interest, penalty or other amounts payable in respect of those goods.