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CS Professional · Goods and Services Tax (GST) and Corporate Tax Planning · Inspection, Search, Seizure, Offences and Penalties

The Government has notified certain goods as perishable under section 67(8). A proper officer seizes such goods from a cold storage owned by Kisan Fresh Pvt Ltd. Which statement is correct?

For goods notified as perishable or similar, the officer disposes of them as soon as may be after seizure in the prescribed manner and must prepare an inventory of the goods in the prescribed manner. There is no need to wait six months or for a Tribunal order.

  1. AThe officer must prepare an inventory of the goods in the prescribed manner and the goods are disposed of as soon as may be after seizure in the prescribed mannerCorrect
  2. BThe goods must be kept until the six-month period for issuing notice expires, and only then be disposed of
  3. CThe goods can be disposed of only after the Tribunal passes an order
  4. DNo inventory is needed since the goods are being disposed of

Explanation

Under section 67(8), notified goods (perishable, hazardous, depreciating or storage-constraining) are disposed of as soon as may be after seizure. Section 67(9) requires the officer to prepare an inventory of such goods in the prescribed manner. Waiting for six months or a Tribunal order is not required, and the inventory is mandatory.

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