The formalities to sell / auction unclaimed or un-cleared goods Posted on 08 April 2023 Category : Export The information provided here is part of Import Export course online The formalities to sell / auction unclaimed or un-cleared goods How are imported goods auctioned? What happens to the goods imported not claimed by importer? What happens to imported goods, if not customs cleared by importer? Who is the owner of imported goods if not cleared by consignee? What is the difference between confiscated goods and un cleared imported goods? I have explained the difference between unclaimed and un-cleared imported goods, in my previous articles. The custodian of cargo, arrange to prepare a complete stock of goods and files with customs for necessary ‘no object’ approval to resell the product. If the imported cargo contains any goods prohibited to import, the particular cargo will be withdrawn from resale or auction, as the ownership of these items are transferred to customs department which falls under ‘confiscated goods’. Customs department is responsible for disposing of such goods. While scrutinizing the list of items, customs department withdraws the goods which are falling under the subject matter of any investigation or adjudication or court proceedings. After receiving ‘no objection’ from the customs by custodian, the public auction procedures are undergone. The fair price of goods determines by customs by taking in to consideration of import duties. The auction is undertaken with the presence of customs officials. The ‘reserve price’ for auction, fixed by custodian with the approval of customs includes duty amount also. If the first auction not taken place due to increase of ‘reserve price’, the said reserve price is reduced in the subsequent actions. If the goods could not sell with subsequent auctions, the cargo will be sold by calling tenders. Do you wish to add more information about auction of imported goods / auction of un cleared goods/ auction of confiscated goods? Share your experience below about the procedures and formalities in handling imported goods which are confiscated/un cleared? The above information is a part of Online Export Import course Write below your thoughts about this article - The formalities to sell / auction unclaimed or un-cleared goods. Other details on how to import export How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS What is first check assessment procedures in import customs clearance Import customs clearance procedures Difference between Demurrage and Detention in import What happens if proper tracking of goods not effected in export import business? Who receives the amount of auctioned / resold imported unclaimed/un-cleared goods? How to start Export Business? How to get Export Orders? What are the risks and solutions in Export Business? Click here to know India Trade Classification(ITC) Service Tax - Click here to read complete notification under Budget 2014 What is Bank post shipment credit to exporters? Types of export containers Measurement of export containers Foreign Trade Policy of India 2015-2020 MEIS, Merchandise Exports from India Scheme SEIS, Service Exports from India Scheme Merge your Commercial Invoice and Packing List for all your future exports Export procedures and documentation Procedure to import Headgear What is IHC – Inland Haulage Charges Is Customs House Agents (CHA ) required to be appointed mandatory? How to obtain Phyto sanitary certificate. What is phytosanitary certification How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS What is Bond execution with customs in imports and exports What is Brand Rate in Duty Drawback What is Clean on board Bill of Lading What is Commercial enforcement hold for import cargo in US What is charter party bill of lading ? How to obtain GSP - Certificate of Origin? How to open an LC? Procedures to open a Letter of Credit Advantages of using Insulated Containers The role of CBEC - Central Board of Excise and Customs in India. How to amend date of bill of lading in Import General Manifest (IGM) in India When can an exporter release bill of lading from shipping company? Types of Export Containers Dimension of Cargo Containers LC parties How to customs clear Cargo arrived in a port where in import license obtained for another port How to differentiate BL and HBL? How to get RCMC from Export Promotion Councils Import Process for plastics and plastic articles How to import Activated carbon Dimension Specification of 40’ Platform Container The role of Export Inspection Agency in Pre-shipment Inspection & Quality Control The role of Reserve Bank of India How does STP units work in India? How to obtain GSP - Certificate of Origin? How to obtain Phyto sanitary certificate. What is phytosanitary certification How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS What happens, if cargo not cleared by importer What is BVQI inspection on export goods? What is consolidation of cargo What is LCL cargo less container load cargo What is Crating in Exports and Imports What is Dry Port What is DDP terms in an export Import Business? What is EPCG How EPCG works in Export Import trade? LCL shipment booking tips When does exporter get EP copy of shipping bill after customs clearance Guidelines to overseas buyers of Paper and paperboard Tips to import Pulp of wood, waste and scrap of paper Dimension details of 40’ Insulated container porthole type How to amend description of goods in Import General Manifest (IGM) How to calculate CBM in LCL export shipments: What happens if proper tracking of goods not effected in export import business? How to get export order from foreign buyers? How to obtain a duplicate BL, if original bill of lading lost. How to obtain GSP - Certificate of Origin? How to make DA mode of payment safe How to make delay in delivery of Shipment? How to minimize import cargo clearance time? An open logic proposal to WTO What is self assessment in import customs clearance in India? What is SGS Inspection in Exports and Imports? What is Provisional Assessment in Import formalities in India? What is said to contain in Bill of Lading. What is the difference between High sea sales and imports Procedure to Import Toys, Sports Equip, Parts And Accessories Comments Satpal Lakhanpal : On 09 June 2013 Thank you for the info,but I'd like to know where the autions are held, or the unclaimed conteners are sold off.thank you Satpal admin: On 18 June 2013 will be notified time to time by customs department and concerned authorities Kriya: On 06 January 2014 I'd like to know that if the goods are imported and duty isnt paid on. The goods are then auctioned and the person who imported them, pays the auction amount. Can he be allowed to do so? or As per Law, does he still have to pay import duty apart from auction money ? 1 Surendran Kollerath: On 09 March 2014 Hi Kriya, As per my knowledge, the consignee can not attend auction on unclaimed/abandoned goods. n.ramu: On 02 May 2014 what is the way to find the list of goods actually auctioned by mumbai sea port? is it possible to find information on goods which may have been auctioned as far back as 10-12 years? thanks for guidance. ankit batham: On 21 August 2016 mujhe bhi custom k auction me khridna h to kab hai auction ? can u please tell. Hardik Patel: On 27 August 2016 How to purchase unclaimed stocks from customs? How we come to know? Is there any specific website for auction? Please let me know. akshay agrawal: On 29 September 2016 Respected Sir, I have heard that the product which has been seized by the Indian Custom, it has been sold through E-auction and may be sold through tender. I searched over the internet and I found somewhere seized products are sold through www.quickr.com. i would like to know more about it and please tell me from where could I get the details regarding it. I searched over internet (in Google), where I wrote in the search box "Indian Custom Seized Goods Sale". The output was consisting of many site links. It is hard to say that all of them were genuine. I live in Howrah (West Bengal). If there is any website or any Indian Custom Seized Goods Shop or any other related details or any other source from wherein I can take details about the Indian Custom Seized Goods. kannan: On 03 October 2018 i need to purchase unclaimed or uncleared customs goods