https://www.taxtmi.com/circulars?id=59413 Procedure prescribes a staged mechanism under Section 48 for disposal of unclaimed/uncleared cargo: custodians must list cargo, update importer details, serve notices, prepare inventories and seek Customs NOC. Customs will segregate consignments requiring retention or regulatory clearance and identify those fit for e-auction; where testing or external NOCs are required, custodians arrange testing and obtain clearances before auction. Auctions use reserve prices fixed by approved valuers, sales are regularised through consolidated bills of entry, Customs assesses duty and sale proceeds are disbursed under the Customs Act. en-us Thu, 06 Dec 2018 00:00:00 +0530 Fri, 01 Feb 2019 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59413 Procedure prescribes a staged mechanism under Section 48 for disposal of unclaimed/uncleared cargo: custodians must list cargo, update importer details, serve notices, prepare inventories and seek Customs NOC. Customs will segregate consignments requiring retention or regulatory clearance and identify those fit for e-auction; where testing or external NOCs are required, custodians arrange testing and obtain clearances before auction. Auctions use reserve prices fixed by approved valuers, sales are regularised through consolidated bills of entry, Customs assesses duty and sale proceeds are disbursed under the Customs Act. Circulars Customs Thu, 06 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59413