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of <h1>Procedure for Disposing Unclaimed Cargo u/s 48 of Customs Act: Monthly Auctions and Custodian Responsibilities.</h1> The circular outlines the procedure for disposing of unclaimed or uncleared cargo under Section 48 of the Customs Act, 1962. It mandates custodians to list cargo unclaimed for over 30 days and send it to the jurisdictional Commissioner for potential auction. The process involves notifying importers, obtaining necessary clearances, and conducting auctions. Customs will segregate shipments requiring further investigation or regulatory approval. Auctions are to be held monthly, and goods not sold after multiple auctions may be sold independently by custodians. The procedure applies to cargo unloaded after April 1, 2018, and unclaimed goods from before that date.
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