Short Notes on Revenue Recovery Act 1890 | IPO Exam | IPO Paper 3 | Postal Exam
The Revenue Recovery Act of 1890 is an Indian law that provides for the recovery of surplus public revenue by the government. Here are some brief notes on the Revenue Recovery Act 1890 .
Purpose: The main purpose of the Revenue Recovery Act 1890 is to empower the government to recover the outstanding balance of public funds from defaulting persons or entities. Scope: The Act covers a wide range of public levies including land revenue, taxes, duties, penalties, and other payments due to the government Authorities: The Act empowers government officials such as financial institutions to initiate and carry out collection transactions. These officers are responsible for verifying and determining the amounts due and issuing recovery certificates. Methods of recovery: The Act provides various methods of recovery of arrears. These procedures include the annexation and sale of movable and real property, the arrest and imprisonment of the injured party, and the appointment of a receiver to manage the injured party’s property Recovery certificate: Under the Act, the Treasurer may issue a recovery certificate, specifying the amount due. This certificate is considered a decree of the federal court, allowing the government to collect the money due as if it were a decree. Limitations and Proceedings: The statute provides limitations and a period of time within which recovery proceedings may be commenced. Appeals and applications for review are also allowed to be filed against collection orders. Penalties and Interests: This Act provides for the imposition of penalties and interest on unpaid wages to encourage prompt payment and deter defaulters Country-specific adjustments: Recovered earnings
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