Manner and time for recovery of penalty under section 129 [Rule 144A]

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sal of Goods or conveyance If, fails to pay the amount of penalty [ section 129(1) ] within fifteen days from the date of receipt of the copy of the order passed [ section 129(3) ] , by the Person transporting any goods or the owner of such goods. Exception:- The detained or seized goods are perishable or hazardous in nature or are likely to depreci .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... or conveyance, after the time 15 days but before the issuance of notice, the proper officer shall cancel the process of auction and release such goods or conveyance. Procedure of the Auction of goods or conveyance Time period of Auction:- The last day for submission of bid or the date of auction shall not be earlier than fifteen days from the da .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ase may be. Cancelation of the Auction and process for Re- Auction:- where no bid is received or the auction is considered to be non-competitive due to lack of adequate participation or due to low bids. Transfer of owner ship of goods or conveyance by the proper officer:- after the payment of the full bid amount, and issue a certificate in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X