Customs (Attachment of Property of Defaulters for Recovery of Government Dues) Rules, 1995 Part B SPECIAL PROVISIONS IN RESPECT OF SALE OF IMMOVABLE PROPERTY
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Sale proclamation requirements ensure informed purchasers through disclosure of property details, recovery amount, reserve price, and material valuation information. A sale proclamation for immovable property attached for recovery of government dues must be drawn up after notice to the defaulter. It must state the time ... Summary
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Sale proclamation requirements ensure informed purchasers through disclosure of property details, recovery amount, reserve price, and material valuation information.
A sale proclamation for immovable property attached for recovery of government dues must be drawn up after notice to the defaulter. It must state the time and place of sale, identify the property, specify assessed revenue, the recoverable amount, and any reserve price. It must also contain material information considered necessary for a prospective purchaser to judge the nature and value of the property.
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