Rule 141 of CGST Rules 2017: Procedure in respect of Seized Goods

Provisions under Rule 141 of the Central Goods and Services Tax (CGST) Rules, 2017 relating to “Procedure in respect of Seized Goods”, are as under:

CGST Rule 141: Procedure in respect of Seized Goods (Chapter-XVII: INSPECTION, SEARCH AND SEIZURE) 

(1) Where the goods or things seized are of perishable or hazardous nature, and if the taxable person pays an amount equivalent to the market price of such goods or things or the amount of tax, interest and penalty that is or may become payable by the taxable person, whichever is lower, such goods or, as the case may be, 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) in respect of the said goods or things, the Commissioner proper officer [text substituted from 23/03/2020: refer Note 1] may dispose of such goods or things and the amount realized thereby shall be adjusted against the tax, interest, penalty, or any other amount payable in respect of such goods or things.

Amendments History:

1. The text ‘Commissioner’ in sub-rule (2) substituted with the text ‘proper officer’ from 23/03/2020 vide Notification 16/2020.

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