Disposal of unclaimed cargo: mandatory notices, NOC clearance and e auction procedures ensure expedited sale with Customs oversight. Expedited disposal regime requires custodians to list cargo unclaimed beyond thirty days, notify importers to clear goods within ten days, and submit inventories to Customs; Customs will segregate consignments needing retention, grant NOCs for auctionable lots or identify external regulatory/testing requirements, and cooperate in sample checks. Custodians must obtain valuations from approved valuers to set reserve prices, conduct e auctions through an approved platform with Customs oversight, file consolidated buyer wise bills of entry post sale, and obtain duty assessment and out of charge orders before release, with sale proceeds disbursed under statutory provisions.
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Provisions expressly mentioned in the judgment/order text.
Disposal of unclaimed cargo: mandatory notices, NOC clearance and e auction procedures ensure expedited sale with Customs oversight.
Expedited disposal regime requires custodians to list cargo unclaimed beyond thirty days, notify importers to clear goods within ten days, and submit inventories to Customs; Customs will segregate consignments needing retention, grant NOCs for auctionable lots or identify external regulatory/testing requirements, and cooperate in sample checks. Custodians must obtain valuations from approved valuers to set reserve prices, conduct e auctions through an approved platform with Customs oversight, file consolidated buyer wise bills of entry post sale, and obtain duty assessment and out of charge orders before release, with sale proceeds disbursed under statutory provisions.
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