Amendment status not verified — confirm the current text below against the official source.
(1) Notwithstonding o nyth in g contoined in thisAct, where ony person tronsports ony goods or stores ony goods while they ore in tronsit in controvention of the provisions of thisAct or the rules mode thereunder, oll such goods ond conveyonce ttsed os o meons of tronsport for corrying the soid goods ond documents reloting to such goods ond conveyonce sholl be lioble to detention or seizure ond ofter detention or seizure, sholl be releosed,- 278 (o) on poyment of the opplicoble tox ond penolty equol to one hundred per cent. of the tox poyoble on such goods ond, in cose of exempted goods, on poyment of on omount equol to two per cent of the volue of goods or twenty five trousond rupees, whichever is less, where the owner of the goods comes fonvord for poyment of such tox ond penolty; (b) on poyment of the opplicoble tox ond penolty equol to the fifty per cent. of the volue of the goods reduced by the tox omount poid thereon ond, in cose o{ exempted goods, on poyment of on omount equolto five per cent ofthe volue of goods or twenty five thousond rupees, whichever is less, where the owner of the goods does not come forword for poyment ol such tox ond penolty; (c) upon furnishing o security equivolent to the omount poyoble under clouse (o) or clouse (b) in such form ond monner os moy be prescribed: Provided thot no such goods or conveyonce sholl be detoined or seized without serving on order ol detention or seizure on the person tronsporting the goods. n9 (2) The proisixrs of sub-seclirn (6) o, section 67 sholl, mutotis ruAnds, @y tu deEntion ond seizure of goods ond conveylmces. (3) The proper officer detoining or seizing goods or conveyonces sholl issue o notice specifying the tox ond penolty poyoble ond thereofter, poss on order for poyment of tox ond penolty under clouse (o) or clouse (b)or clouse (c). (4) No tox, interest or penolty sholl be determined under sub-section (3) without giving the person concerned on opportunity of being heord. (5) On poyment of omount referred in sub-seclion (l ), oll proceedings in respect of the notice specified in sub-section (3) sholl be deemed to be concluded. (6) Where the person tronsporting ony goods or the owner of the goods foils to poy the omount of tox ond penolty os provided in sub-seAion (l ) within seven doys of such detention or seizure, further proceedings sholl be initioted in occordonce with the provisions of section 1 30: Provided frot where the deioined or seized goods ore perishoble or hozordous in noture or ore likely to depreciote in volue with possoge of time, the soid period oi seven doys moy be reduced by the proper officer. 260