https://www.taxtmi.com/circulars?id=67275 One-time administrative arrangement permits custodians to auction export cargo entered for export up to 31.03.2023 that was neither exported nor taken back to town, excluding goods under seizure or court order. Custodians must list consignments, serve three auction notices to exporters and brokers, create individual files with shipping and examination records, obtain necessary NOCs and analyses, destroy unfit samples at their cost with legal clearances, obtain valuations from two government-approved valuers, fix reserve price via a committee, conduct e-auction per Board procedures, and share sale proceeds with Customs on a 50:50 basis with payment required before delivery. en-us Thu, 07 Mar 2024 00:00:00 +0530 Fri, 22 Mar 2024 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67275 One-time administrative arrangement permits custodians to auction export cargo entered for export up to 31.03.2023 that was neither exported nor taken back to town, excluding goods under seizure or court order. Custodians must list consignments, serve three auction notices to exporters and brokers, create individual files with shipping and examination records, obtain necessary NOCs and analyses, destroy unfit samples at their cost with legal clearances, obtain valuations from two government-approved valuers, fix reserve price via a committee, conduct e-auction per Board procedures, and share sale proceeds with Customs on a 50:50 basis with payment required before delivery. Circulars Customs Thu, 07 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67275