Penalty recovery for detained goods in transit permits auction, re-auction, and transfer of ownership under prescribed GST procedure. Recovery of penalty under section 129 read with Rule 144A permits sale or disposal of detained or seized goods or conveyance in transit if the penalty is not paid within fifteen days of the order, subject to reduction of time for perishable, hazardous, or depreciating goods. The rule requires inventory, market valuation, auction notice in FORM GST DRC-10, possible pre-bid deposit, payment by the successful bidder within fifteen days, cancellation and re-auction in specified cases, and transfer of ownership through FORM GST DRC-12. Appeal may be filed on pre-deposit, with a deemed stay on recovery proceedings except for perishable or hazardous goods.
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.
Penalty recovery for detained goods in transit permits auction, re-auction, and transfer of ownership under prescribed GST procedure.
Recovery of penalty under section 129 read with Rule 144A permits sale or disposal of detained or seized goods or conveyance in transit if the penalty is not paid within fifteen days of the order, subject to reduction of time for perishable, hazardous, or depreciating goods. The rule requires inventory, market valuation, auction notice in FORM GST DRC-10, possible pre-bid deposit, payment by the successful bidder within fifteen days, cancellation and re-auction in specified cases, and transfer of ownership through FORM GST DRC-12. Appeal may be filed on pre-deposit, with a deemed stay on recovery proceedings except for perishable or hazardous goods.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
