Disposal of unclaimed cargo: e-auction process with custodian inventories, Customs NOC and regulatory clearance controls. Procedure prescribes a staged mechanism under Section 48 for disposal of unclaimed/uncleared cargo: custodians must list cargo, update importer details, serve notices, prepare inventories and seek Customs NOC. Customs will segregate consignments requiring retention or regulatory clearance and identify those fit for e-auction; where testing or external NOCs are required, custodians arrange testing and obtain clearances before auction. Auctions use reserve prices fixed by approved valuers, sales are regularised through consolidated bills of entry, Customs assesses duty and sale proceeds are disbursed under the Customs Act.
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Disposal of unclaimed cargo: e-auction process with custodian inventories, Customs NOC and regulatory clearance controls.
Procedure prescribes a staged mechanism under Section 48 for disposal of unclaimed/uncleared cargo: custodians must list cargo, update importer details, serve notices, prepare inventories and seek Customs NOC. Customs will segregate consignments requiring retention or regulatory clearance and identify those fit for e-auction; where testing or external NOCs are required, custodians arrange testing and obtain clearances before auction. Auctions use reserve prices fixed by approved valuers, sales are regularised through consolidated bills of entry, Customs assesses duty and sale proceeds are disbursed under the Customs Act.
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