https://www.taxtmi.com/article/detailed?id=11828 Section 129 makes goods, conveyances and documents in transit liable to detention or seizure for contraventions and conditions release on payment of prescribed penalties or furnishing prescribed security. The Finance Act, 2021 amendments revise penalty rates, delink detention/seizure proceedings from confiscation proceedings, and limit adjudication under Section 129 to penalty determination. The proper officer must serve an order of detention or seizure, issue a notice within seven days specifying the penalty, provide an opportunity of being heard, and pass an order within seven days of service; unpaid penalties may lead to sale or disposal and reduced timeframes apply for perishable or hazardous goods. en-us Sat, 09 Sep 2023 09:40:05 +0530 Sat, 09 Sep 2023 09:40:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11828 Section 129 makes goods, conveyances and documents in transit liable to detention or seizure for contraventions and conditions release on payment of prescribed penalties or furnishing prescribed security. The Finance Act, 2021 amendments revise penalty rates, delink detention/seizure proceedings from confiscation proceedings, and limit adjudication under Section 129 to penalty determination. The proper officer must serve an order of detention or seizure, issue a notice within seven days specifying the penalty, provide an opportunity of being heard, and pass an order within seven days of service; unpaid penalties may lead to sale or disposal and reduced timeframes apply for perishable or hazardous goods. Articles Goods and Services Tax - GST Sat, 09 Sep 2023 09:40:05 +0530 https://www.taxtmi.com/article/detailed?id=11828