https://www.taxtmi.com/acts?id=29293 Where supply, receipt, non accounting, unregistered supply, contravention with intent to evade tax, or improper use of a conveyance occurs, goods or conveyances are liable to confiscation and the person liable to penalty, subject to a hearing. The adjudicating officer must offer an option to pay a fine in lieu of confiscation (not exceeding market value less tax), with the aggregate of fine and penalty at least equal to the prescribed penalty; payment of such fine does not relieve tax, penalty or charges. Confiscated property vests in the Government and may be disposed of after prescribed procedures. en-us Mon, 03 Jul 2017 16:06:36 +0530 Mon, 03 Jul 2017 16:06:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=29293 Where supply, receipt, non accounting, unregistered supply, contravention with intent to evade tax, or improper use of a conveyance occurs, goods or conveyances are liable to confiscation and the person liable to penalty, subject to a hearing. The adjudicating officer must offer an option to pay a fine in lieu of confiscation (not exceeding market value less tax), with the aggregate of fine and penalty at least equal to the prescribed penalty; payment of such fine does not relieve tax, penalty or charges. Confiscated property vests in the Government and may be disposed of after prescribed procedures. Act-Rules GST - States Mon, 03 Jul 2017 16:06:36 +0530 https://www.taxtmi.com/acts?id=29293