Unclaimed cargo disposal: notice, inventory, regulatory clearances and staged public auction with reserve valuation. Procedure requires custodians to list cargo unclaimed beyond thirty days, notify importers to clear goods within ten days, prepare detailed inventories, and seek Customs NOCs. Customs will segregate consignments to be retained, identify shipments eligible for auction or requiring external regulatory clearances and sample test consignments where necessary. Valuation by government approved valuers will set reserve prices; auctions are to be conducted via e auction with specified bidding and multi round sale rules. Successful bids require filing a consolidated bill of entry and Customs assessment before release; sale proceeds are distributed under Customs law.
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Provisions expressly mentioned in the judgment/order text.
Unclaimed cargo disposal: notice, inventory, regulatory clearances and staged public auction with reserve valuation.
Procedure requires custodians to list cargo unclaimed beyond thirty days, notify importers to clear goods within ten days, prepare detailed inventories, and seek Customs NOCs. Customs will segregate consignments to be retained, identify shipments eligible for auction or requiring external regulatory clearances and sample test consignments where necessary. Valuation by government approved valuers will set reserve prices; auctions are to be conducted via e auction with specified bidding and multi round sale rules. Successful bids require filing a consolidated bill of entry and Customs assessment before release; sale proceeds are distributed under Customs law.
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