Third-party attachment of funds enables recovery by requiring holders to pay amounts due to the government on notice. A new third-party attachment mechanism permits the proper officer to require persons who owe or hold money for a customs debtor to pay sums sufficient to satisfy customs dues to the Central Government on notice; designated holders including post offices, banks and insurers must comply without requiring passbooks or similar documents, and failure to pay renders the notified person a defaulter subject to the Chapter's consequences.
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Third-party attachment of funds enables recovery by requiring holders to pay amounts due to the government on notice.
A new third-party attachment mechanism permits the proper officer to require persons who owe or hold money for a customs debtor to pay sums sufficient to satisfy customs dues to the Central Government on notice; designated holders including post offices, banks and insurers must comply without requiring passbooks or similar documents, and failure to pay renders the notified person a defaulter subject to the Chapter's consequences.
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