9911796707
TMI BlogUnclaimed / Uncleared CargoX X X X Extracts X X X X X X X X Extracts X X X X ..... eration Instant Cargo, for the expeditious clearance of cargo lying unclaimed/ uncleared in the seaports, Airports and Aircargo within a specified complexes time limit. The instructions in respect of Air Cargo complexes have already been issued vide D.U. letter F.No. 446/ 44/ 92- Cus. IV dated 20.9.97 from Member (Customs) 2. The following instructions are being issued in respect of unclaimed / ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for any proceedings. If no such intimation is received from the Customs within 15 days, the Custodian can go ahead with the disposal of the goods. 2.4 The valuation the goods for disposal shall be done by the Custodians through approved valuers appointed by them, irrespective of any value arrived at by the Appraisers earlier. In cases of doubt, the same may be referred to a panel of three value ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an. 2.7 The sale proceeds shall be shared between the Custodians and the Customs on 50:50 basis. 3.1 All the goods landed between 01.01.1994 and 31.12.1996 and lying unclaimed/ uncleared may be taken up for disposal, and the action should be completed by the target data fixed by the the respective custodians. The following procedure shall be adopted for disposal of such goods. 3.2 The res ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shall prepare a monthly list of Cargo due for disposal and sent it of the customs. In case, Customs desires detention of any of the consignments for their being involved in disputes, court cases etc., they shall intimate Port Trusts within 30 days of the receipt thereof. If no intimation is received from the Customs within 30 days, the Custodian shall presume that Customs have no objection and sh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... As the requirement under section 150(2) of the Customs Act, 1962 is mandatory, the sharing of proceeds on the ratio of 50:50 is being adopted on a rough and ready basis, but in the final accounting of all auctioned goods, care should be taken to ensure that the mandatory requirements under the law are adhered to. You may require the concerned Custodians to submit consignment wise accounts after t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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