https://www.taxtmi.com/notifications?id=142489 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. en-us Tue, 08 Feb 2011 00:00:00 +0530 Thu, 19 Sep 2024 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=142489 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. Notifications Law of Competition Tue, 08 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/notifications?id=142489