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Owner of goods
Why is there the concept of "owner/non-owner" coming forward to pay penalty under section 129? Why no obligation is there on the owner to claim her goods?
Replies (1)
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Purpose: The dual-tier penalty structure acts as a deterrent against tax evasion during the transit of goods.
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Incentive: The owner is effectively compelled to claim the goods to avoid the much steeper penalties associated with "non-owner" status and to prevent the ultimate confiscation and auction of the goods by the tax department.
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