CGST Rules – Central Goods and Services Tax Rules, 2017
This rule was made and amended vide the following notifications
• Central Tax Notification No. 16/2020 (dated 23rd March 2020)
(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 1 “proper officer” 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.
1 Substituted in Central Goods and Services Tax (Third Amendment) Rules, 2020, Notification No.16/2020 Central Tax (dated 23rd March 2020)