TaxTMI 
TaxTMI 
Disposal of goods through e-auction - Regarding
X X X X Extracts X X X X
X X X X Extracts X X X X
....directed to inform that the Board discussed the issue of disposal of goods through e-auction. The process of e-auction of unclaimed, confiscated and time-expired warehoused goods through the medium of the internet e-auction was introduced by Chennai Custom House on 8-12-2003. So far, 104 e-auctions have been conducted and goods in 301 lots/consignments were disposed of. The Board noted that with t....
X X X X Extracts X X X X
X X X X Extracts X X X X
....t necessary, the Commissioner of Customs may depute one or two officers to Chennai Custom House for a quick on the spot study of the procedure and the method followed for e-auction for adopting similar procedure in their respective Customs formations. 3. Accordingly it has been decided by the Board that e-auction should be introduced in all Customs formations with immediate effect and conducted r....