59. Transfer of ownership.-

59.    Transfer  of   ownership.-   No   registered   person  shall   transfer   any   movable   or immovable property under his business enterprise or the ownership of his business until he makes full payment of all value added tax or, where applicable, value added tax and supplementary duty payable under this Act:

Provided  that  when  the  buyer  of  movable  or  immovable  properties  or  ownership submits unconstitutional bank guarantee of any scheduled bank relating to the payment of value added  tax or value added tax and supplementary duty, as the case may be, payable, the concerned  Commissioner upon proper consideration and on terms set by

him, can issue order for the transfer.

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