Understanding Section 129 CGST Act: Detention, Seizure, and Release of Goods in Transit; Penalties and Procedures Explained.

Section 129 of the CGST Act, 2017 outlines the procedures for detention, seizure, and release of goods and conveyances in transit when transported in contravention of the Act. Penalties vary depending on whether the owner comes forward to pay, with penalties ranging from 2% to 200% of the tax or value of goods. Proper officers must issue a notice within seven days and allow the concerned person an opportunity to be heard. If penalties are unpaid within fifteen days, goods may be sold to recover dues. Conveyances can be released upon payment of penalties or a specified amount.