Analysis of Notification No.27/2018-Central Tax dated 13.06.2018 issued by CBIC
a. The said notification is issued in exercise of powers conferred by Section 67(8) of CGST Act, 2017.
b. Notifies categories of goods which shall, as soon as may be after its seizure under section 67(2) of the CGST Act, be disposed of by the proper officer, having regard to the perishable or hazardous nature, depreciation in value with the passage of time, constraints of storage space or any other relevant considerations of the said goods.
c. Total 17 categories of goods specified.
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 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 Sch to CTA, 75
11. Pharmaceutical products falling within Chapter 30 of the First Sch to CTA, 75
13. Red Sander
15. All taxable goods falling within Ch. 1 to 24 of the First Schedule to the CTA, 75
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 are to be provisionally released under section 67(6), but 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.