Disposal of unclaimed cargo: structured Section 48 procedure mandates notices, NOCs, regulatory clearances and staged e auctions. Prescribes an expedited procedure under Section 48 of the Customs Act, 1962 for disposal of unclaimed/un cleared cargo: custodians must list consignments unclaimed over thirty days, notify importers and shipping lines, prepare inventories and obtain Customs NOCs; Customs will segregate lots, require regulatory clearances or testing where necessary, and permit e auction of approved lots. Valuation by government approved valuers sets reserve prices; auctions follow a four round sequence with specified bid treatments. Post sale, custodians file consolidated bills of entry, Customs assesses duty within fifteen days, and goods are released on payment; sale proceeds are disbursed under 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: structured Section 48 procedure mandates notices, NOCs, regulatory clearances and staged e auctions.
Prescribes an expedited procedure under Section 48 of the Customs Act, 1962 for disposal of unclaimed/un cleared cargo: custodians must list consignments unclaimed over thirty days, notify importers and shipping lines, prepare inventories and obtain Customs NOCs; Customs will segregate lots, require regulatory clearances or testing where necessary, and permit e auction of approved lots. Valuation by government approved valuers sets reserve prices; auctions follow a four round sequence with specified bid treatments. Post sale, custodians file consolidated bills of entry, Customs assesses duty within fifteen days, and goods are released on payment; sale proceeds are disbursed under Section 150.
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