Penalty recovery procedures require demand notices, recovery certificates and enforcement including attachment or tax-based recovery. These regulations set out procedures for recovery of monetary penalties under the Competition Act, requiring issuance of a demand notice (normally giving thirty days), payment by challan, and authorising the Commission to grant extensions or instalment plans. On default the Commission issues a recovery certificate executed by a recovery officer empowered to compel payment from third parties, attach and sell movable and immovable property, and refer the matter to Income-tax authorities for recovery as a tax due; interest, refunds, monitoring and clerical corrections are also provided for.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Penalty recovery procedures require demand notices, recovery certificates and enforcement including attachment or tax-based recovery.
These regulations set out procedures for recovery of monetary penalties under the Competition Act, requiring issuance of a demand notice (normally giving thirty days), payment by challan, and authorising the Commission to grant extensions or instalment plans. On default the Commission issues a recovery certificate executed by a recovery officer empowered to compel payment from third parties, attach and sell movable and immovable property, and refer the matter to Income-tax authorities for recovery as a tax due; interest, refunds, monitoring and clerical corrections are also provided for.
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