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of <h1>Finance Act, 1994: Section 87 Details Recovery Steps for Unpaid Dues, Including Asset Attachment and Third-Party Notices.</h1> Section 87 of the Finance Act, 1994, outlines the procedures for recovering amounts due to the Central Government. If a person fails to pay, the Central Excise Officer can recover the amount by deducting it from any money under their control, issuing notices to third parties holding money for the debtor, or distraining the debtor's property. If the debtor's business is transferred, the successor's assets can be attached and sold. Additionally, the officer can send a certificate to the district Collector to recover the amount as land revenue arrears. These measures ensure compliance and recovery of dues.
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