https://www.taxtmi.com/circulars?id=1192 Auction disposal is mandated for unclaimed and uncleared cargo received up to 31 December 1998 to reduce port congestion; proceeds are provisionally shared 50:50 between port authorities and Customs. Custodians must submit consignment wise accounts after disposal so that full duty collectible under section 150(2) of the Customs Act, 1962 is recovered from the disposal value; the 50:50 split is interim and subject to final statutory accounting. en-us Thu, 13 Jan 2000 00:00:00 +0530 Tue, 29 Jul 2025 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1192 Auction disposal is mandated for unclaimed and uncleared cargo received up to 31 December 1998 to reduce port congestion; proceeds are provisionally shared 50:50 between port authorities and Customs. Custodians must submit consignment wise accounts after disposal so that full duty collectible under section 150(2) of the Customs Act, 1962 is recovered from the disposal value; the 50:50 split is interim and subject to final statutory accounting. Circulars Customs Thu, 13 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1192