Customs (Attachment of Property of Defaulters for recovery of Government Dues) Rules, 1995 › Chapter III — Procedure for Sale of Property

Rule 16. Negotiable instruments and shares in a corporation

Customs (Attachment of Property of Defaulters for recovery of Government Dues) Rules, 1995

Official text

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.