Amendment status not verified — confirm the current text below against the official source.
Amendment of section 129 : ln the Principal Act, in section 129,- (i) in sub-section (1), for clauses (a) and (b), the following clauses shall be substituted, namely:- "(a) on payment of penalty equal to two hundred percent ofthe tax payable on such goods and, in case of exempted goods, on payment of an amount equal to two per cent. of the value of goods or twenty-five thousand rupees, whichever is less, where the owner of the goods comes forward for payment of such penaltyi (b) on payment of penalty equal to fifty percent of the valueof the goods or two hundred percent of the tax payable on such goods, whichever is higher, and in case of exempted goods, on payment of an amount equal to five percent of the value of goods or twenty-five thousand rupees, whichever is less, where the owner of the goods does not come forward for payment of such penalty"; TheArunachal Pradesh Extraordinary Gazette, Aptil 27, 2022 (ii) sub-section (2) shall be deleted; (iii) for sub-section (3), the following sub-section shall be substituted, namely :- "(3) The proper officer detaining or seizing goods or conveyance shall issue a notice within seven days of such detention or seizure, specifying the penalty payable, and thercafter, pass an order within a period of seven days from the date of service of such notice, for payment of penalty under clause (a) or clause (b) of sub.section (1 ).'; (iv) in suusection (4), for the words "No tax, interest or penalty",the words "No penalty'' shall be substituted; (v) for sub-section (6), the following sub-section shall be substituted, namely:-- "(6) Where the person transporting any goods or the owner of such goods fails to pay the amount of penalty under sub-section (1) within fifteen days from the date of receipt of the copy of the order passed under sub-section (3), the goods or conveyance so detained or seized shall be liable to be sold or disposed of otheMise, in such manner and within such time as may be prescribed, to recover the penalty payable under sub-section (3): Provided that the conveyance shall be released on payment by the transporter of penalty under sub-section (3) or one lakh rupees, whichever is less: Provided further that where the detained or setzed goods are perishable or hazardous in nature or are likely to depreciate in value with passage of time, the said period of fifteen days may be reduced by the proper officer.". Amendment of section 130: lnthe PrincipalAct, in section 130,- (a) in sub-section (1), for the words "Notwithstanding anything conhined in this Act, if', the word 'Where" shall be substituted; (b) in sub-section (2), in the second proviso, for the words,brackets and figures "amount of penalty leviable under sub-section (1) of section 129", the words "penalty equalto hundred percent of the tax payable on such goods" shall be substituted; (c) sub-section (3) shall be omitted. Substitution of new section forsection 151 : ln the PrincipalAct, for section 151, the following section shall be substituted, namely:- Power to call for "151. The Commissioner or an officer authorised by him may, by an order, direct information any person to furnish information relatrng to any matterdealtwih in connection with thisAct, within such time, in such form, and in such manner, as may be specified therein". Amendment of section 152 :ln the PrinciPalAct, in section 152,- (a) in sub-section (1),- (i) the words "of any individual return or part thereof' shall be deleted; (ii) after the words "any proceedings under lhis Acf', the words "vrithout giving an opportunity of being heard to the person concerned" shall be inserted; (b) sub-section (2) shall be omitted. Arnendment to Schedule ll : ln the PrincipalAct,in Schedule ll,paragraph 7 shall be deleted and shall be deemed to have been omitted withe ffect from the 1st day of July, 2017. '12.