Un claimed import cargo disposal under Section 48: prescribed notice, NOC, valuation and e auction process with duty assessment. Administrative procedure under Section 48 prescribes custodians to list un claimed/un cleared import cargo over 30 days and notify Customs; Customs will segregate consignments requiring retention and issue NOCs within set timelines. Custodians must issue Section 48 notices to importers, prepare inventories, obtain regulatory clearances or testing where required, appoint approved valuers to fix reserve prices, and conduct e auctions through MSTC with specified bid acceptance and repeated auction rules. Successful sales require consolidated bills of entry, Customs assessment within 15 days, and disbursement of proceeds 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.
Un claimed import cargo disposal under Section 48: prescribed notice, NOC, valuation and e auction process with duty assessment.
Administrative procedure under Section 48 prescribes custodians to list un claimed/un cleared import cargo over 30 days and notify Customs; Customs will segregate consignments requiring retention and issue NOCs within set timelines. Custodians must issue Section 48 notices to importers, prepare inventories, obtain regulatory clearances or testing where required, appoint approved valuers to fix reserve prices, and conduct e auctions through MSTC with specified bid acceptance and repeated auction rules. Successful sales require consolidated bills of entry, Customs assessment within 15 days, and disbursement of proceeds under Section 150.
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