Rule 147. Recovery by sale of movable or immovable property.

The officer lists the defaulter's movable and immovable assets, estimates their value, and issues an attachment order in FORM GST DRC-16. No transactions are allowed on these assets. The officer informs the relevant authorities to place encumbrances on the attached property.

For immovable property, the attachment order remains affixed until sale confirmation, while movable property is seized. The assets are sold through auction (including e-auction) with a notice issued in FORM GST DRC-17.

Negotiable instruments or shares may be sold through a broker. Pre-bid deposits may be required for participation in auctions.

The auction notice is given at least 15 days before the auction, except for perishable goods. Claims on attached assets are investigated, and auctions may be postponed.