Management of confiscated property: Administrator must secure custody, deposit movables in authorized institutions, and maintain registers. The Administrator must maintain custody where removal of confiscated property is impracticable, deposit movables (cash, securities, bullion, jewellery, ... Summary
Management of confiscated property: Administrator must secure custody, deposit movables in authorized institutions, and maintain registers.
The Administrator must maintain custody where removal of confiscated property is impracticable, deposit movables (cash, securities, bullion, jewellery, valuables) in specified treasuries or banks and obtain receipts, and keep registers in Form I for those movables and Form II for other confiscated property to ensure record-keeping and accountability.
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