TaxTMI 
TaxTMI 
TaxTMI 
Procedures for sale of property held by the Commissioner (Section 63)
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.... goods held as security for the performance of an obligation under the Act (in this rule called "the property"), which may be sold by the Commissioner in pursuance of any powers conferred under the Act to recover tax, interest, penalty or other amount due under the Act, the power of sale shall be exercised in the manner set out in this rule. (2) The Commissioner shall serve a notice in Form DVAT....
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....ies intended for sale with a notice under his signature specifying the place where, and the day and hour at which, the property is to be sold and display copies of such list and notices at more than one public place near the place where the property is currently held, and the place of the proposed auction. A copy of the list and notice shall also be displayed in the office of the Commissioner. Exc....
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....y in cash immediately after the sale and he shall not be permitted to carry away any part of the property until he has paid for the same in full and until the sale has been confirmed by the Commissioner. If the purchaser fails to pay the purchase money within three days of the confirmation of sale by the Commissioner, the property shall be re-offered for auction and any earnest money deposited by ....
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....cting the auction of the property. (6) Where property is sold under the preceding sub-rules, the proceeds of sale shall be applied in the following order - (a) payment of any expenses of the sale, including tax arising under the Act by virtue of the sale, and other incidental charges; (b) in respect of any surplus, payment of the amount of any tax, interest and penalty recoverable under the ....