How can I participate in customs auction in India?

If you want to participate only for Customs e-auctions / tenders, the one time registration fee is Rs. 5,000/- only + Service Tax ( non-refundable ). MSTC’s existing registered bidders need not register separately for Customs e-auctions and can log on using the existing user’s name and password.

What happens if Customs seizes an illegal package in India?

110(2) of the Customs Act, has prescribed that where goods are seized a notice under section 124 of the Customs Act, shall be issued to owner of goods within six months otherwise the goods shall be returned to the person from whose possession they were seized.

What is reserve price in auction?

The reserve price is the lowest price at which a seller is willing to sell an item. If at the close of auction, the bidders have not met the reserve price, the seller is not obligated to sell. Starting Price. All bidding for your item will start at this price. Please keep this amount as low as possible.

How do I buy confiscated items?

Buying the confiscated goods either from the TSA or individual states is done in auctions 90\% of the time. Some confiscated items are put up directly for sale though, and you can find it on the websites for direct purchase.

How do I pay customs penalty?

Visit bank take challan fill it along with notice no. deposit the amount. After amount is deposited one copy of challan has to be deposited with the concerned officer. You can pay it through challan at the customs office.

Do bidders see the reserve price?

A reserve price is the lowest price you’re willing to sell an item for. Bidders can’t see the reserve price, but they’ll see whether it has been met.

Can you get confiscated items back from airport in India?

The paramilitary force evaluates these items after seizure and bona-fide owners can claim the same back from the airport operator’s desk after checking the list of recovered items on the website of the force at http://www.cisf.gov.in.

Can you buy TSA confiscated items?

On Govdeals.com, state agencies sell surplus or confiscated goods via a bidding system. And don’t worry; the TSA isn’t selling your belongings for a profit. After an outside contractor removes the “contraband” from the airport, states then purchase the confiscated items and resell them online for some extra cash.

How do I pay customs penalty in India?

What is the interest on customs duty?

Section 28AA of the Customs Act, 1962 provides to charge interest at rate not below 10 percent and not exceeding 30 percent per annum. However, effective rate of interest is fixed at 20 percent per annum by Notification No.

How to participate in Custom House auction in India?

In order to participate in such auctions, there is a portal in which one has to register first. Indian Customs in association with MSTC (i.e a Government of India Company is engaged in domestic and international trading activity) has created a Central Portal for e-auctions/ tenders for all Custom Houses in India.

What is the history of Chennai Customs?

The history of Chennai Customs dates back to 600 AD when the seaport of Mamallapuram flourished under the rule of the Pallava King, Mahendra Varma. It was in Fort St. George that the British first collected Sea Customs duties.

How to participate in e-auctions / E-tenders in India?

Indian Customs in association with MSTC has created a Central Portal for e-auctions/ tenders for all Custom Houses in India. Through this facility, bidders can access all Customs auctions by registering themselves once. There will be no need to register separately with individual Custom Houses for participating in e-auctions / e-tenders.

What is the one time registration fee for customs e-auctions / tenders?

So if you want to participate only for Customs e-auctions / tenders, the one time registration fee is Rs.5,000/- only + Service Tax ( non-refundable ). MSTC’s existing registered bidders need not register separately for Customs e-auctions and can log on using the existing user’s name and password.