Inventory seized by goverment

You have to create a provsionbased on the outcome to recover the goods. If you can recover the goods through courts, if it is more than 50% chance that you will win create a provision. Based on this, check out contingent liability criteria and recognise accordingly

Provisions standard. I did not find any Google search related Provisions+companies acts 2013. They are naming all rules as provisions. 

To think of, a provision is a liability. We create a contra asset for provision for receivables. The same way we can create it for inventory as well 

Dr. Inventory provision asset

Cr. Goods in transit

This is a contra asset provision. I tried to push it into liabilities and it cannot be done into liabilities. Any better ideas? 

Sorry forgot it was an asset previously.