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of <h1>Revised Customs Procedure: Disposal of Unclaimed Cargo u/s 48; E-Auctions and Regulatory Compliance Detailed.</h1> The circular outlines the revised procedure for the disposal of unclaimed or uncleared cargo under Section 48 of the Customs Act, 1962. Custodians must list cargo unclaimed for over 30 days and notify the jurisdictional Commissioner of Customs for potential auction. The process involves updating importer details, obtaining necessary clearances, and conducting auctions through e-auction platforms. Customs will segregate shipments needing regulatory approvals and issue No Objection Certificates for auctionable goods. The procedure applies to cargo unloaded after April 1, 2018, and those unclaimed for less than a year before this date. Auction proceeds are managed per Section 150 of the Customs Act.
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