Rule 141 of CGST Rules -Procedure in respect of seized goods

Rule 141 of CGST Rules -Procedure in respect of seized goods

(updated as on 15.11.2017)

(1) Where the goods or things seized are ofperishable or hazardous nature, and if the taxable person pays an amount equivalent to themarket price of such goods or things or the amount of tax, interest and penalty that is or maybecome payable by the taxable person, whichever is lower, such goods or, as the case maybe, things shall be released forthwith, by an order in FORM GST INS-05, on proof of payment. (2) Where the taxable person fails to pay the amount referred to in sub-rule (1) inrespect of the said goods or things, the Commissioner may dispose of such goods or thingsand the amount realized thereby shall be adjusted against the tax, interest, penalty, or anyother amount payable in respect of such goods or things.

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CHAPTER XVII

INSPECTION, SEARCH AND SEIZURE

Chapter XVIIof CGST Rules, 2017 consists of three rules relating to INSPECTION, SEARCH AND SEIZURERULES under the GST regime. All this rules are available for your ready reference. Rule 139 :Inspection, search and seizure Rule 140 :Bond and security for release of seized goods Rule 141 :Procedure in respect of seized goods