Disposal of time-expired bonded goods requires staged notices, detention, verification and auction with recovery of outstanding dues. A staged administrative procedure governs time expired bonded goods: maintain warehouse lists and bond registers; issue a formal notice one month before expiry for clearance or extension; on noncompliance issue notices under section 72(1) and section 72(2), compile importer responses, verify absence of investigative or appellate holds, obtain supervisory approval to forward goods for public auction, and, if auction proceeds are inadequate, initiate statutory recovery of the balance.
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 time-expired bonded goods requires staged notices, detention, verification and auction with recovery of outstanding dues.
A staged administrative procedure governs time expired bonded goods: maintain warehouse lists and bond registers; issue a formal notice one month before expiry for clearance or extension; on noncompliance issue notices under section 72(1) and section 72(2), compile importer responses, verify absence of investigative or appellate holds, obtain supervisory approval to forward goods for public auction, and, if auction proceeds are inadequate, initiate statutory recovery of the balance.
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