Unclaimed/uncleared cargo-guidelines for disposal and sharing of revenue between Port Authorities & Customs

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..... al and sharing of revenue between Port Authorities & Customs It is directed to refer to Board’s Circular No. 50/97-Cus. Dated 17.10.97 on above mentioned subject. In the said Circular, guidelines fror disposal of unclaimed/uncleared cargo and sharing of sale proceeds on the basis of 50:50 between the custodian and Customs were issued as a one-time measure in respect of cargo landed prior to 31. .....

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..... s an interim administrative arrangement to ensure disposal of unclaimed/uncleared cargo to reduce the congestion at Ports. 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 requirement under the low needs to be adhered to. Our th .....

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