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

MISCELLANEOUS

Rule 27. Disposal of the sale proceeds

The sale proceeds of the property of the defaulter shall be utilised in the following manner, namely :-

(a) the sale proceeds shall first be utilised for meeting the cost of sale;

(b) the balance shall be utilised for satisfaction of the amount mentioned in the Certificate issued under rule 3 together with the cost of detention of the property;

(c) the balance, if any, shall be utilised for recovery of any other Government dues payable by the defaulter; and

(d) the balance, if any, shall be paid to the defaulter.