Disposal of proceeds of sale of goods and movable or immovable property.

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..... rom a defaulter or for recovery of penalty payable under sub-section (3) of section 129 shall,- (a) first, be appropriated against the administrative cost of the recovery process; (b) next, be appropriated against the amount to be recovered or to the payment of the penalty payable under sub-section (3) of section 129, as the case may be; (c) next, be appropriated against any other amount .....

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..... as the proper officer may allow, such balance of sale proceeds shall be deposited with the Fund; ] ************** NOTES:- 1. Substituted vide NOTIFICATION No. 40/2021 Central Tax dated 29-12-2021 w.e.f. 01-01-2022 before it was read as Disposal of proceeds of sale of goods and movable or immovable property.- 154. The amounts so realised from the sale of goo .....

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