https://www.taxtmi.com/circulars?id=1658 For goods lying less than one year, custodians must obtain a reserve price fixed by a panel of government-approved valuers appointed by the custodian; Customs shall not engage in valuation but will approve both the reserve price and bids. If such goods remain unsold and become landed-more-than-one-year, custodians may sell them following the independent procedure for that category without reference to Customs, adjusting the count of prior auctions/tenders against the prescribed number of four. en-us Fri, 09 Dec 2005 00:00:00 +0530 Sat, 28 Feb 2009 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1658 For goods lying less than one year, custodians must obtain a reserve price fixed by a panel of government-approved valuers appointed by the custodian; Customs shall not engage in valuation but will approve both the reserve price and bids. If such goods remain unsold and become landed-more-than-one-year, custodians may sell them following the independent procedure for that category without reference to Customs, adjusting the count of prior auctions/tenders against the prescribed number of four. Circulars Customs Fri, 09 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1658