Confiscation of goods or conveyances and levy of penalty.

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....de payment of tax; or (ii) does not account for any goods on which he is liable to pay tax under this Act; or (iii) supplies any goods liable to tax under this Act without having applied for registration; or (iv) contravenes any of the provisions of this Act or the rules made thereunder with intent to evade payment of tax; or (v) uses any conveyance as a means of transport for carriage....

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.... such fine and penalty leviable shall not be less than the ^2[penalty equal to hundred per cent. of the tax payable on such goods]: Provided also that where any such conveyance is used for the carriage of the goods or passengers for hire, the owner of the conveyance shall be given an option to pay in lieu of the confiscation of the conveyance a fine equal to the tax payable on the goods being t....

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.... in lieu of confiscation, dispose of such goods or conveyance and deposit the sale proceeds thereof with the Government.     ************** NOTES:- 1. Substituted vide Section 118 of the Finance Act, 2021 w.e.f. 01-01-2022 before it was read as, "Notwithstanding anything contained in this Act, if" 2. Substituted vide Section 118 of the&nbsp....