https://www.taxtmi.com/circulars?id=61930 Administrative procedure under Section 48 prescribes custodians to list un claimed/un cleared import cargo over 30 days and notify Customs; Customs will segregate consignments requiring retention and issue NOCs within set timelines. Custodians must issue Section 48 notices to importers, prepare inventories, obtain regulatory clearances or testing where required, appoint approved valuers to fix reserve prices, and conduct e auctions through MSTC with specified bid acceptance and repeated auction rules. Successful sales require consolidated bills of entry, Customs assessment within 15 days, and disbursement of proceeds under Section 150. en-us Thu, 07 Mar 2019 00:00:00 +0530 Tue, 23 Jul 2019 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61930 Administrative procedure under Section 48 prescribes custodians to list un claimed/un cleared import cargo over 30 days and notify Customs; Customs will segregate consignments requiring retention and issue NOCs within set timelines. Custodians must issue Section 48 notices to importers, prepare inventories, obtain regulatory clearances or testing where required, appoint approved valuers to fix reserve prices, and conduct e auctions through MSTC with specified bid acceptance and repeated auction rules. Successful sales require consolidated bills of entry, Customs assessment within 15 days, and disbursement of proceeds under Section 150. Circulars Customs Thu, 07 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61930