Disposal of unclaimed cargo: sale after notice and valuation under Section 48 with auction and shared proceeds. Imported goods lying unclaimed in Air Cargo Complexes may be sold under statutory disposal power after custodians prepare monthly lists of consignments older than 45 days, notify consignees and allow 15 days for Customs to withhold items. A valuation committee with custodian, government valuers and a Customs appraiser fixes reserve prices and segregates prohibited imports. Auctions are publicly advertised, conducted by government-approved auctioneers on a cum-duty basis with staged reserve reductions for unsold perishable and non perishable goods, and gross proceeds are shared 50:50 with custodians bearing sale-related costs.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Disposal of unclaimed cargo: sale after notice and valuation under Section 48 with auction and shared proceeds.
Imported goods lying unclaimed in Air Cargo Complexes may be sold under statutory disposal power after custodians prepare monthly lists of consignments older than 45 days, notify consignees and allow 15 days for Customs to withhold items. A valuation committee with custodian, government valuers and a Customs appraiser fixes reserve prices and segregates prohibited imports. Auctions are publicly advertised, conducted by government-approved auctioneers on a cum-duty basis with staged reserve reductions for unsold perishable and non perishable goods, and gross proceeds are shared 50:50 with custodians bearing sale-related costs.
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