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of <h1>Finance Bill 2013 amends Customs Act sec. 142, boosting government recovery by targeting third-party funds for defaulters.</h1> Clause 69 of the Finance Bill, 2013 amends section 142 of the Customs Act by inserting clause (d) to enhance the recovery mechanism for amounts due to the Central Government. It authorizes a proper officer to issue a written notice to any third party holding or expected to hold money for a defaulter, requiring them to remit the amount due directly to the government. Compliance with such notices is mandatory, and failure to pay results in the third party being deemed a defaulter, subject to applicable consequences under the Act. This applies to entities like post offices, banks, and insurers without needing additional documentation.
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