https://www.taxtmi.com/acts?id=24691 Goods transported or stored in transit without prescribed documents or not recorded in books are liable to detention along with the transporting vehicle. If the owner comes forward, release requires payment of applicable tax and a penalty equal to the tax or furnishing equivalent security; exempted goods face a separate reduced fixed penalty. If the owner does not come forward, release requires payment of applicable tax and a reduced value based penalty or equivalent security; exempted goods face a different lower fixed penalty. en-us Mon, 03 Apr 2017 16:40:25 +0530 Mon, 03 Apr 2017 16:40:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=24691 Goods transported or stored in transit without prescribed documents or not recorded in books are liable to detention along with the transporting vehicle. If the owner comes forward, release requires payment of applicable tax and a penalty equal to the tax or furnishing equivalent security; exempted goods face a separate reduced fixed penalty. If the owner does not come forward, release requires payment of applicable tax and a reduced value based penalty or equivalent security; exempted goods face a different lower fixed penalty. Act-Rules Bills Mon, 03 Apr 2017 16:40:25 +0530 https://www.taxtmi.com/acts?id=24691