https://www.taxtmi.com/article/detailed?id=10709 The power of confiscation under the CGST Act is distinct and not available once the authority has invoked the detention and seizure regime for goods in transit; the statutory transit procedure prescribes specific penalties, notice and hearing requirements and, where followed, concludes proceedings on payment or security. Converting detention into confiscation circumvents the Act's remedial sequence, and where such conversion occurs the sale proceeds must be restored after deducting the statutory transit penalty while respecting procedural safeguards. en-us Fri, 23 Sep 2022 09:04:13 +0530 Fri, 23 Sep 2022 09:04:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10709 The power of confiscation under the CGST Act is distinct and not available once the authority has invoked the detention and seizure regime for goods in transit; the statutory transit procedure prescribes specific penalties, notice and hearing requirements and, where followed, concludes proceedings on payment or security. Converting detention into confiscation circumvents the Act's remedial sequence, and where such conversion occurs the sale proceeds must be restored after deducting the statutory transit penalty while respecting procedural safeguards. Articles Goods and Services Tax - GST Fri, 23 Sep 2022 09:04:13 +0530 https://www.taxtmi.com/article/detailed?id=10709