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of <h1>Procedure for Disposing Unclaimed Cargo: Section 48 of Customs Act Details Auction Process, Notifications, and Regulatory Requirements.</h1> The circular outlines the procedure for disposing of unclaimed or uncleared cargo under Section 48 of the Customs Act, 1962. Custodians must prepare a list of such cargo and send it to the jurisdictional Commissioner of Customs for potential disposal through public auction. The process involves notifying importers, obtaining necessary clearances, and conducting auctions. Unclaimed cargo is categorized, and regulatory requirements are identified. Auctions are conducted in phases, with unsold items re-auctioned. The procedure applies to cargo brought to India after April 1, 2018, and unclaimed goods from before that date. The sale proceeds are managed as per Section 150 of the Customs Act.
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