Seized perishable or hazardous goods may be released on payment, while unpaid goods can be disposed of against dues. Perishable or hazardous seized goods are to be released forthwith on payment of the lower of the market price or the tax, interest and penalty payable or likely to become payable, with release ordered in FORM GST INS-05 on proof of payment. If the required payment is not made, the proper officer may dispose of the goods and adjust the realised amount against the tax, interest, penalty, or any other amount payable in respect of those goods or things.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Seized perishable or hazardous goods may be released on payment, while unpaid goods can be disposed of against dues.
Perishable or hazardous seized goods are to be released forthwith on payment of the lower of the market price or the tax, interest and penalty payable or likely to become payable, with release ordered in FORM GST INS-05 on proof of payment. If the required payment is not made, the proper officer may dispose of the goods and adjust the realised amount against the tax, interest, penalty, or any other amount payable in respect of those goods or things.
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