Chapter - III Part A of Customs (Attachment Of Property Of Defaulters For Recovery Of Government Dues) Rules, 1995

PROCEDURE FOR SALE OF PROPERTY

Rule 16. Negotiable instruments and shares in a corporation

Notwithstanding anything contained in these rules, where the property to be sold is a negotiable instrument or a share in a corporation, the Proper Officer may, instead of directing the sale to be made by public auction, authorise the sale of such instrument or share through a broker.