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TMI BlogRevised guidelines for disposal of goodsX X X X Extracts X X X X X X X X Extracts X X X X ..... d 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 available to the Cooperatives/Organizations was discontinued w.e.f. 1.4.2015. The Board had earlier received a number of requests from the trade for equitable and wider participation of cooperative societies which are duly registered with the State/Central Government authorities and not to make a particular body monopolistic, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o the following conditions:- (g) 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. (h) 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 registered under Multi-State Cooperative Societies Act, 2002 or concerned State Cooperatives Act, should be permitted to purchase the confiscated/seized goods. The genuineness of co-operative societies/federation m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wed. 5. Sale through-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 Co-op. 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 also participate, subject to the fulfillment of conditions as prescribed vide Board's Circular No. 50/2005-Customs dated 1.12.2005 and reflected in Circular No.12/2006-Customs dated 20.2.2006 and 11/2012-Custo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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