Customs Act, 1962: Uncleared Imported Goods Can Be Auctioned After 30 Days with Notice and Customs Approval.
Imported goods not cleared for home consumption due to various reasons become 'uncleared' or 'unclaimed'. According to the Customs Act, 1962, such goods can be sold to recover dues, provided notice is given to the importer and Customs permission is obtained. The custodian identifies goods uncleared for over 30 days, prepares an inventory, and seeks Customs' 'no objection'. Goods are auctioned at a reserve price set by Customs, with price adjustments if unsold. Sale proceeds cover expenses, freight, Customs duty, storage charges, and any government dues, with any remaining balance returned to the owner.
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