Section 34, The National Revenue Authority Act, 2002

(1) Subject to subsection (2), all property and assets which immediately before the commencement of this Act were vested in the Government for the use of the Department of Customs and Excise or the Income Tax Department, as the case may be, for the administration of any of the laws set out in the Schedule shall, with effect from the commencement of this Act and without any further assurance, vest in the Authority subject to all interests, liabilities, charges, obligations and trusts affecting such property or assets. [Margin: Vesting of certain assets and liabilities, subsisting contracts, pending proceedings, etc.] (2) Except as is provided in subsection (1) in relation to property, all contracts, debts, obligations and liabilities of the Government on account of the Department of Customs and Excise or the Income Tax Department immediately before the commencement of this Act shall remain vested in the Government and may be enforced by or against the Government. 16 No. 11 National Revenue Authority Act 2002 (3) All legal proceedings and claims which immediately before the commencement of this Act were pending in respect of revenue to which the laws set out in the Schedule apply shall be continued or enforced by or against the Authority in the same manner as they would have been continued or enforced if this Act had not been enacted.