TMI BlogMeasures for expeditious disposal of goods –Procedure for disposal- RegardingX X X X Extracts X X X X X X X X Extracts X X X X ..... ebruary 16th, 2006 Subject:- Measures for expeditious disposal of goods -Procedure for disposal- Regarding I am directed to invite your attention to the report of the Task Force by the Central Board of Excise and Customs as a sequel to the observations of the C AG, vide order F.No. 442/12/2004-Cus.IV (Pt) dated 27.6.2005 to examine the various issues arising out of the audit review, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ns and which are still lying unsold, are to be offered for final tender once more and the highest bid received to be accepted by the department. This process should be completed by 31st March, 2006. (ii) Disposal of goods shall be done through e-auction/tender conducted regularly every month as prescribed under Board's instructions F.No. 442/12/2004Cus.IV Pt.II dated 06.10.2005. (iii) All con ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ails of such detained goods should also be intimated to the custodians who should put all such consignments for auction/tender in terms of the new procedure. This action of identifying and reconciling the figures and intimating the custodians should be completed within 120 days of the date of issue of this Circular. 4. The Board has further decided that there would be a formal mechanism for i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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