Disposal of unclaimed cargo: standardized auction process and NOC requirements ensure regulated disposal after notice. Procedure mandates custodians to list unclaimed cargo over 30 days, notify importers under section 48, and forward inventories to Disposal Branch. Disposal Branch segregates consignments needing retention, regulatory clearances or chemical analysis and issues NOCs for lots fit for auction. Custodians must value lots, hold e-auctions with staged reserve-price rules, and file consolidated bills of entry for successful bidders; Customs shall assess duty and release goods on payment, with sale proceeds disbursed under section 150.
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Disposal of unclaimed cargo: standardized auction process and NOC requirements ensure regulated disposal after notice.
Procedure mandates custodians to list unclaimed cargo over 30 days, notify importers under section 48, and forward inventories to Disposal Branch. Disposal Branch segregates consignments needing retention, regulatory clearances or chemical analysis and issues NOCs for lots fit for auction. Custodians must value lots, hold e-auctions with staged reserve-price rules, and file consolidated bills of entry for successful bidders; Customs shall assess duty and release goods on payment, with sale proceeds disbursed under section 150.
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