Disposal of unclaimed goods: auction process enables prioritized recovery of sale expenses, carrier charges, customs duty, and custodial charges. Imported goods not cleared or warehoused within thirty days may be sold by the custodian after inventorying consignments and obtaining Customs 'no objection'. Customs fixes a fair price inclusive of duty as the reserve price, auctions are conducted under Customs supervision, and unsold goods may proceed to subsequent auctions or tender. Sale proceeds are treated as a cum-duty price for backward duty calculation. Section 150(2) directs the order of application of proceeds: first sale expenses, then carrier charges where notified, then customs duty, then custodial charges, then amounts due to the Central Government, with any balance returned to the owner.
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 unclaimed goods: auction process enables prioritized recovery of sale expenses, carrier charges, customs duty, and custodial charges.
Imported goods not cleared or warehoused within thirty days may be sold by the custodian after inventorying consignments and obtaining Customs 'no objection'. Customs fixes a fair price inclusive of duty as the reserve price, auctions are conducted under Customs supervision, and unsold goods may proceed to subsequent auctions or tender. Sale proceeds are treated as a cum-duty price for backward duty calculation. Section 150(2) directs the order of application of proceeds: first sale expenses, then carrier charges where notified, then customs duty, then custodial charges, then amounts due to the Central Government, with any balance returned to the owner.
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