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of <h1>Section 150 of Customs Act: Procedure for Sale of Non-Confiscated Goods and Allocation of Sale Proceeds Explained.</h1> Section 150 of the Customs Act, 1962, outlines the procedure for selling non-confiscated goods and the allocation of sale proceeds. Goods are sold through public auction, tender, or with the owner's consent. Sale proceeds are prioritized for covering sale expenses, freight, and other charges, customs duties, custodial charges, and any outstanding amounts owed to the Central Government. Any remaining balance is returned to the owner. If the balance cannot be paid within six months, or an extended period authorized by customs officials, it is remitted to the Central Government.
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