Disposal of unclaimed cargo: custodians and Customs must follow prescribed notices, NOC, testing, valuation and e auction procedures. Procedure sets a regime under section 48 for disposal of un claimed/un cleared cargo: custodians must list consignments unclaimed beyond thirty days, update importer contacts, serve statutory notices, prepare inventories (with Customs sample checks), obtain Customs NOCs, secure third party regulatory clearances and testing where required, or arrange destruction if unfit. Custodians must obtain approved valuations to set reserve prices, conduct e auctions under prescribed multi round rules, file consolidated bills of entry for successful bidders, and ensure Customs duty assessment and release; sale proceeds are disbursed as per section 150.
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: custodians and Customs must follow prescribed notices, NOC, testing, valuation and e auction procedures.
Procedure sets a regime under section 48 for disposal of un claimed/un cleared cargo: custodians must list consignments unclaimed beyond thirty days, update importer contacts, serve statutory notices, prepare inventories (with Customs sample checks), obtain Customs NOCs, secure third party regulatory clearances and testing where required, or arrange destruction if unfit. Custodians must obtain approved valuations to set reserve prices, conduct e auctions under prescribed multi round rules, file consolidated bills of entry for successful bidders, and ensure Customs duty assessment and release; sale proceeds are disbursed as per section 150.
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