https://www.taxtmi.com/article/detailed?id=10141 The amendments replace prior tax-plus-penalty release rules with standalone enhanced penalties for detained goods, set minimum payments for exempted goods, remove provisional release on bond by omitting Section 129(2), impose statutory short timelines for issuance of notice and orders and require opportunity of hearing before determining penalty, delink detention proceedings from confiscation proceedings under Section 130, and permit sale or prescribed disposal of goods and capped release of conveyances where imposed penalty is not paid within the prescribed period. en-us Mon, 27 Dec 2021 06:38:49 +0530 Mon, 27 Dec 2021 06:38:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10141 The amendments replace prior tax-plus-penalty release rules with standalone enhanced penalties for detained goods, set minimum payments for exempted goods, remove provisional release on bond by omitting Section 129(2), impose statutory short timelines for issuance of notice and orders and require opportunity of hearing before determining penalty, delink detention proceedings from confiscation proceedings under Section 130, and permit sale or prescribed disposal of goods and capped release of conveyances where imposed penalty is not paid within the prescribed period. Articles Goods and Services Tax - GST Mon, 27 Dec 2021 06:38:49 +0530 https://www.taxtmi.com/article/detailed?id=10141