https://www.taxtmi.com/caselaws?id=415357 The Court held that Section 130 of the Central Goods and Services Tax Act, 2017 allows for the provisional release of goods on payment of a fine in lieu of confiscation during the adjudication process. The amount payable for release includes only the fine at the time of release, with taxes, penalties, and charges becoming payable after adjudication. The fine is calculated based on the market value, not the maximum retail price. The review petition was dismissed, affirming the interim order for the release of goods upon payment of the fine. en-us Mon, 29 Nov 2021 00:00:00 +0530 Sat, 29 Mar 2025 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415357 The Court held that Section 130 of the Central Goods and Services Tax Act, 2017 allows for the provisional release of goods on payment of a fine in lieu of confiscation during the adjudication process. The amount payable for release includes only the fine at the time of release, with taxes, penalties, and charges becoming payable after adjudication. The fine is calculated based on the market value, not the maximum retail price. The review petition was dismissed, affirming the interim order for the release of goods upon payment of the fine. Case-Laws GST Mon, 29 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415357