THE PUNJAB VALUE ADDED TAX FORMS, 2005.
-

FORM VAT - 48

[See rule 70]

AUCTION PROCEEDINGS

1. Particulars of Auction committee:

2. Details of goods:

3. Estimated Value of goods

4. Owner of the Goods

M/s

5. Date of detention seizure of goods

6. Penalty imposed and or tax charged in the case:

7. Date of Notice:

8. Date of Publication

9. Whether due process of law completed before putting goods to auction (certificate on record)

Yes	No

10. Whether to original owner of the goods present

Yes	No

If Yes:

(1)

Whether the person intends to participate in the auction ?

(2)

If he intends to pay the amount of penalty and tax before commencement of auction

(3)

If he participated in auction what is his maximum offer?

If No :

(1)

Whether he was apprised of the fact of auction, separately?

(2)

Whether name of the partner(s), proprietor, director was announced for participation in auction?

11.

Time, when auction proceedings commenced

12. List of Bidders:

(i)

Amount

(ii)

Amount

(iii)

Amount

13. Final Bidder

M/s

Or Shri

S/o

R/o

Amount

Rs.

14. Signature:

Action Committee

Final bidder

Defaulter/Owner of goods if Present

For Office Use Only

Amount of Bid

Rs.

Amount of Penalty and tax

Rs.

BALANCE:

Rs.

Date of approval by DETC:

SIGNATURE OF ASSISTANT EXCISE AND TAXATION COMMISSIONER