https://www.taxtmi.com/caselaws?id=257843 The court dismissed the challenge to the fifth auction for time expired goods under the Customs Act, 1962. It held that Circular No. 12/2006-CUS applied to auctions by customs directly, emphasizing selling to the highest bidder in the third auction if goods remain unsold. As the petitioner did not participate in the third auction, their claim was rejected. The court found no merit in the petition due to the petitioner's participation in the fifth auction and the significant difference in bids, upholding the necessity for active participation in auction processes. en-us Wed, 04 Mar 2015 00:00:00 +0530 Mon, 10 Aug 2015 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257843 The court dismissed the challenge to the fifth auction for time expired goods under the Customs Act, 1962. It held that Circular No. 12/2006-CUS applied to auctions by customs directly, emphasizing selling to the highest bidder in the third auction if goods remain unsold. As the petitioner did not participate in the third auction, their claim was rejected. The court found no merit in the petition due to the petitioner's participation in the fifth auction and the significant difference in bids, upholding the necessity for active participation in auction processes. Case-Laws Customs Wed, 04 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257843