https://www.taxtmi.com/acts?id=39483 Amendment to section 129 prescribes two penalty regimes for detained or seized goods-one where the owner comes forward and a higher one where the owner does not-requires the proper officer to issue a notice within seven days and pass an order within seven days of that notice, limits non liability language to "No penalty", provides a fifteen day window for payment before sale or disposal to recover the penalty, allows release of conveyances on payment up to a capped amount, and permits reduction of the fifteen day period for perishable or hazardous goods. en-us Mon, 01 Feb 2021 20:30:11 +0530 Thu, 04 Feb 2021 15:12:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39483 Amendment to section 129 prescribes two penalty regimes for detained or seized goods-one where the owner comes forward and a higher one where the owner does not-requires the proper officer to issue a notice within seven days and pass an order within seven days of that notice, limits non liability language to "No penalty", provides a fifteen day window for payment before sale or disposal to recover the penalty, allows release of conveyances on payment up to a capped amount, and permits reduction of the fifteen day period for perishable or hazardous goods. Act-Rules Bills Mon, 01 Feb 2021 20:30:11 +0530 https://www.taxtmi.com/acts?id=39483