https://www.taxtmi.com/circulars?id=58896 Procedure sets a regime under section 48 for disposal of un claimed/un cleared cargo: custodians must list consignments unclaimed beyond thirty days, update importer contacts, serve statutory notices, prepare inventories (with Customs sample checks), obtain Customs NOCs, secure third party regulatory clearances and testing where required, or arrange destruction if unfit. Custodians must obtain approved valuations to set reserve prices, conduct e auctions under prescribed multi round rules, file consolidated bills of entry for successful bidders, and ensure Customs duty assessment and release; sale proceeds are disbursed as per section 150. en-us Tue, 18 Dec 2018 00:00:00 +0530 Wed, 02 Jan 2019 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58896 Procedure sets a regime under section 48 for disposal of un claimed/un cleared cargo: custodians must list consignments unclaimed beyond thirty days, update importer contacts, serve statutory notices, prepare inventories (with Customs sample checks), obtain Customs NOCs, secure third party regulatory clearances and testing where required, or arrange destruction if unfit. Custodians must obtain approved valuations to set reserve prices, conduct e auctions under prescribed multi round rules, file consolidated bills of entry for successful bidders, and ensure Customs duty assessment and release; sale proceeds are disbursed as per section 150. Circulars Customs Tue, 18 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58896