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Public Auction

Public Auction:-

Unconnected/ Unclaimed goods are to be auctioned with the permission of DCM at the nearest auction depot. Before auctioning there packages advance information regarding auction must be published through local newspaper at lest 7 days in advance.

Details of the information are as follows :

a) Place of Auction –

b) Date and time of auction-

c) Weight and description of packages/goods.

A copy of this notice must be posted on the notice board at the place of auction. The packages which are to be auctioned must be made available for inspection to the public. For auction a committee of concerned officers is to be made. Railway employee cannot participate in the auction. The goods are sold to the highest bidder.

Railway reserves the right to cancel auction, if reserve price of package is not received. The amount received by auction will be deposited in railway earnings. If any party claims after auction of the packages, then all the expenditure incurred by the railway will be deducted from the amount received from auction and remaining amount will be paid to the party.

Auction of lost property (luggage) valuing up to ₹.5000/- can be done by Commercial Inspector or by station Manager (in absence of Commercial Inspector).

Write short note.

1. Unconnected Goods

2. Unclaimed Goods

Write in details.

1. Action to be taken when goods found in excess-

2. Punitive charges for Excess goods.

3. What do you understand by unconnected goods? Write rules to connect these goods.

4. What do you understand by unclaimed goods? How unclaimed goods are disposed.

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