TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Customs Procedure for Auctioning Unclaimed Cargo u/s 48: Notices, Auctions, and Special Permissions Explained.</h1> The circular outlines the revised procedure for disposing of unclaimed or uncleared cargo under Section 48 of the Customs Act, 1962. Custodians must prepare a list of unclaimed cargo over 30 days old for potential auction, updating details with importer information. Notices are sent to importers to clear goods within ten days, or they face auction. Customs segregates shipments requiring retention or special permissions. Auctions are conducted after obtaining necessary No Objection Certificates, with a reserve price set by approved valuers. The auction process includes multiple rounds, and unsold goods may be sold independently after one year, following specific procedures.
TaxTMI 
TaxTMI 
