https://www.taxtmi.com/circulars?id=59354 Disposal of unclaimed or uncleared goods is governed by Section 48 of the Customs Act, 1962 with special rules for perishables, hazardous goods and arms; procedural and apportionment rules are in Sections 48 and 150 and Chapter 20 of the Customs Manual. Customs must complete mandatory testing and issue unconditional "All OK" NOCs before auctions. The CVC recommended online communications, strict timelines, open reserve prices, e-auctions, container/lot-wise records, early filing of Bill of Entry, duty determination at initial NOC, and prompt bid cancellations to expedite disposal and protect the exchequer. en-us Thu, 22 Mar 2018 00:00:00 +0530 Mon, 28 Jan 2019 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59354 Disposal of unclaimed or uncleared goods is governed by Section 48 of the Customs Act, 1962 with special rules for perishables, hazardous goods and arms; procedural and apportionment rules are in Sections 48 and 150 and Chapter 20 of the Customs Manual. Customs must complete mandatory testing and issue unconditional "All OK" NOCs before auctions. The CVC recommended online communications, strict timelines, open reserve prices, e-auctions, container/lot-wise records, early filing of Bill of Entry, duty determination at initial NOC, and prompt bid cancellations to expedite disposal and protect the exchequer. Circulars Customs Thu, 22 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59354