Following Goods may be disposed off as soon as they are seized under GST. The goods may be disposed off due to many reasons like perishable or hazardous in nature, depreciation in value with the passage of time, constraints of storage space, or any other relevant considerations of the said goods.
The government may issue notice to the taxpayer as soon as the goods are seized. Also, it may ask the taxpayer to pay tax with interest or penalty involved in such goods. A taxpayer may get the time to pay the dues and clear the seized goods before they are sent for disposal.
List of Goods for Disposal after seizure
(1) Salt and hygroscopic substances
(2) Raw (wet and salted) hides and skins
(3) Newspapers and periodicals
(4) Menthol, Camphor, Saffron
(5) Re-fills for ball-point pens
(6) Lighter fuel, including lighters with gas, not having an arrangement for refilling
(7) Cells, batteries, and rechargeable batteries
(8) Petroleum Products
(9) Dangerous drugs and psychotropic substances
(10) Bulk drugs and chemicals falling under Section VI of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975)
(11) Pharmaceutical products falling within Chapter 30 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975)
(12) Fireworks
(13) Red Sander
(14) Sandalwood
(15) All taxable goods falling within Chapters 1 to 24 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975)
(16) All unclaimed/abandoned goods which are liable to rapid depreciation in value on account of fast change in technology or new models etc.
(17) Any goods seized by the proper officer under section 67 of the said Act, which is to be provisionally released under sub-section (6) of section 67 of the said Act, but the provisional release has not been taken by the concerned person within a period of one month from the date of execution of the bond for provisional release.
The above list is updated vide Notification No.27/2018 – Central Tax dt.13.06.2018