Disposal of unclaimed goods: auction procedure requires customs NOC and regulatory clearance before sale, with reserve valuation rules apply. Custodians must list unclaimed/uncleared imports, notify importers under Section 48, prepare inventories and seek Customs NOC for auction. Customs will exclude retained or regulated consignments, require third party clearances or chemical analysis where necessary, and notify requirements. Valuation by approved valuers establishes the reserve price; eligible lots are sold by e auction under staged bidding rules. After sale, custodian files consolidated bills of entry, Customs assesses duty and releases goods on payment; sale proceeds are disbursed under Section 150, with timelines and earnest money refund rules.