The Central Board of Excise & Customs, recently issued a circular regarding instructions to its officials with respect to disposal of confiscated goods through NCCF/ Kendriya Bhandar and other Consumer Co-operative Societies.
As per the circular, the sale of any confiscated/ seized consumer goods which is ripe for disposal and whose value does not exceed Rs. 5 Lakhs shall be offered to NCCF/KB/ and other Consumer Co-operative societies at a uniform rebate or discount of 10% subject to the conditions laid down in the circular.
The Circularalso modified the rate of rebate/discount applicable to NCCF/KB/ and other Consumer Co-operative societies.
The Circular further directs that any sale of confiscated/ seized consumer goods which is ripe for disposal and whose value exceeds Rs. 5 Lakhs to the NCCF/KB/ and other Consumer Co-operative societies shall be made through e-auction or auction-cum-tender. This sale is subject to the conditions specified by the Board in its Circular No. 50/2005-Customs dated 1.12.2005 and other connected circulars. As per the present Circular, no rebate/discount is available for such sale through e-auction or auction-cum-tender.
It is stated in the Circular that “CVC has been emphasizing on e-commerce/e-procurement/e-sales for enhancing transparency, giving equal opportunity to all. Accordingly, CVC vide Office Order No. 46/09/03 dated 11 September 2003(No.98/ORD/1)has stated that the departments/organizations may themselves decide on e-procurements/reverse auction for purchase and sales for workout the detail procedure in this regard. It has, however, to be ensured that the entire process is conducted in a fair and transparent manner.”
Read the full text of the circular below.
