TaxTMI 
TaxTMI 
Revised guidelines for disposal of confiscated goods - regarding
X X X X Extracts X X X X
X X X X Extracts X X X X
....scated goods - regarding. I am directed to invite your attention to the Board's Circular No. 11/2012-Customs dated 12th April, 2012 and the earlier instructions issued to the field formations vide Board's letters F. No. 711(7)/53-Cus. (AS) dated 27.5.1993, F. No.30/33/67-LC.I dated 19.1.68 and F.No.30/3/64-LC.I dated 10.2.1964 in the matter of disposal of confiscated/seized goods. 2. Prior to February, 2015, preferential treatment was being given to NCCF/Kendriya Bhandar and other multi-State Cooperative Societies as per the instructions of Department of Personnel and Training (DoP&T) in purchase of stationery and other articles. Vide DoP&T's Office Memorandum No. 14/1/2009-Welfare dated 19.2.2015, the special dispensation ava....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... be offered to NCCF/KB/Other Central Government Employees Consumer Cooperative Society/ Multi-State Consumer Cooperative Societies/State Consumer Cooperatives, at a uniform rebate/discount of 10%, subject to the following conditions:- (a) They should be functional for at least 10 preceding years and should submit Income-Tax returns and VAT/ST returns showing their activities in sale of goods to the consumers and that appropriate taxes have been duly paid and relevant laws/rules and regulations are complied with. (b) Only those Co-operative Societies or National/State level Cooperative Federations that are duly verified and certified as genuine, every year by an officer not below the rank of AC/DC, and those that have been duly registere....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... concerned. Rest of the instructions/guidelines, contained in these earlier Circulars, which are prevalent as on date and are not getting modified/affected by way of this Circular, shall continue to be followed. 5. Sale through e-auction/auction cum tender: Any lot of confiscated/seized goods of all types and confiscated/seized consumer goods whose value exceeds Rs. Five lakhs shall not be sold directly to the aforesaid cooperative Societies/Federation and shall be sold by e-auction or auction-cum-tender basis. In such e-auction or auction-cum-tender process, all stakeholders/persons including NCCF/KB/other Central Government employees consumer cooperatives/Multi-State/State cooperatives or National/State level Cooperative Federations can ....