https://www.taxtmi.com/article/detailed?id=11656 When a moratorium under the IBC is in force, the IBC prevails over the Customs Act to the extent that customs authorities may only assess or determine the quantum of duty and lodge a claim as operational debt under the IBC; they cannot initiate recovery by sale or confiscation or treat warehoused goods as their assets without an adjudication of abandonment. Notices or sale actions issued during the moratorium initiate barred legal proceedings, while the liquidator has the duty to secure assets and contest excessive assessments, and claims must be dealt with through the IBC distribution mechanism. en-us Wed, 26 Jul 2023 11:44:45 +0530 Wed, 26 Jul 2023 11:44:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11656 When a moratorium under the IBC is in force, the IBC prevails over the Customs Act to the extent that customs authorities may only assess or determine the quantum of duty and lodge a claim as operational debt under the IBC; they cannot initiate recovery by sale or confiscation or treat warehoused goods as their assets without an adjudication of abandonment. Notices or sale actions issued during the moratorium initiate barred legal proceedings, while the liquidator has the duty to secure assets and contest excessive assessments, and claims must be dealt with through the IBC distribution mechanism. Articles Goods and Services Tax - GST Wed, 26 Jul 2023 11:44:45 +0530 https://www.taxtmi.com/article/detailed?id=11656