https://www.taxtmi.com/caselaws?id=45959 A notice issued under Section 142 of the Customs Act for recovery of customs dues is a coercive recovery step and falls within distress or execution-type proceedings. Where proceedings before the Board for Industrial and Financial Reconstruction are pending and a rehabilitation scheme is under preparation, Section 22 of the Sick Industrial Companies (Special Provisions) Act bars such recovery against the sick industrial company. The customs authorities could proceed only after obtaining leave of the Board, because the scheme had not yet been finalised and the assets and liabilities to be covered remained undetermined. en-us Thu, 17 May 2001 00:00:00 +0530 Mon, 05 Mar 2012 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45959 A notice issued under Section 142 of the Customs Act for recovery of customs dues is a coercive recovery step and falls within distress or execution-type proceedings. Where proceedings before the Board for Industrial and Financial Reconstruction are pending and a rehabilitation scheme is under preparation, Section 22 of the Sick Industrial Companies (Special Provisions) Act bars such recovery against the sick industrial company. The customs authorities could proceed only after obtaining leave of the Board, because the scheme had not yet been finalised and the assets and liabilities to be covered remained undetermined. Case-Laws Customs Thu, 17 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45959