Amendment status not verified — confirm the current text below against the official source.
Section 70A was inserted by Guj. 6 of 2006, s. 33. Furnishing of information by others. . H-678-17 Gujarat Value Added Tax Act, 2003. [2005 : Guj. (a) no claim is made by any person in respect of the goods detained or seized under sub-section (2), within a period of one month from the date of such detention or seizure, (b) the person fails to pay penalty imposed on him under sub- section (5) or to pay a sum as directed under sub-section (6), within the prescribed period, the Commissioner may, by an order in writing, direct that the goods may be sold by auction: Provided that if the goods detained or seized are of the perishable nature or subject to speedy or natural decay or if the expenses of keeping them in custody are likely to exceed their value, the same may be ordered to be sold by auction as soon as it is practicable after such detention or seizure and an amount realized by sale by auction of the goods shall be remitted in the Government treasury. (8) The auction of goods under the sub-section (7) shall be made in such manner as may be prescribed. (9) Any person who is entitled to the proceeds of the sale of goods by auction under the sub-section (7) shall, on application made to the Commissioner, be paid such proceeds of the goods so auctioned after deducting from them the expenses of the sale by auction or other incidental charges and the amount of tax, interest and penalty leviable under this Act.]