Disposal of uncleared export goods via e-auction under prescribed custodian procedures; sale proceeds governed by statutory allocation. A one-time administrative arrangement permits custodians to auction uncleared export cargo entered for export up to 31.03.2025, excluding consignments under seizure, investigation hold, or court order. Custodians must list eligible consignments, serve at least three auction notices with specified intervals, compile individual consignment files, obtain required statutory NOCs and analyses, arrange destruction of unfit goods at their expense, procure valuations from two government-approved valuers, fix reserve price via a Disposal/Export Assessment committee, conduct disposal by e-auction, and ensure sale proceeds are handled as per section 150 of the Customs Act, 1962, with completion by 31.12.2025.
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.
Disposal of uncleared export goods via e-auction under prescribed custodian procedures; sale proceeds governed by statutory allocation.
A one-time administrative arrangement permits custodians to auction uncleared export cargo entered for export up to 31.03.2025, excluding consignments under seizure, investigation hold, or court order. Custodians must list eligible consignments, serve at least three auction notices with specified intervals, compile individual consignment files, obtain required statutory NOCs and analyses, arrange destruction of unfit goods at their expense, procure valuations from two government-approved valuers, fix reserve price via a Disposal/Export Assessment committee, conduct disposal by e-auction, and ensure sale proceeds are handled as per section 150 of the Customs Act, 1962, with completion by 31.12.2025.
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