CBIC notifies the department for the safe disposal of seized, un-claimed or un-cleared/ confiscated goods

The Central Board of Indirect Taxes and Customs (CBIC) on August 10, 2020 has issued a circular for the disposal of un-claimed or un-cleared or confiscated goods. The government has witnessed instances, where such goods were not disposed off in the appropriate manner. The government has further notified, that the goods of hazardous nature shall be kept securely until the time of disposal to prevent the threat to life and property. This was issued keeping in mind the generation of revenue and keeping a cap on the loss of revenue.

The board has decided to start a Special Drive with immediate effect starting from August 11, 2020, which shall end on September 15, 2020 for the complete disposal of all the un-claimed or un-cleared or confiscated goods taken into account till August 01, 2020 according to the guidelines prescribed.

Further, the Commissioner of Customs shall carry out the Safety Audit in co-ordination with the Pollution Control Board or Fire Safety Department and any other competent authority. The real time monitoring of such goods shall be carried out and the reports are to be generated by the field formations by August 24, 2020 and September 15, 2020.

[Instruction No. 17/2020- Customs]

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Experienced Legal Associate with a demonstrated history of working in the information technology and services industry. Skilled in Legal Compliance, Taxation Laws, Oil & Gas, Regulatory Affairs, and Regulatory Compliance. Strong information technology professional with a Bachelor of Laws - LLB focused in Energy Laws from University of Petroleum and Energy Studies.

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