Cryptic crossword clue
Check off merchandise, seconds gone – time sensed passing? 4,4

The most common and most likely answer to this crossword clue is the 4 plus 4 letter word TICK TOCK

I've seen this crossword clue in Financial Times
T
I
C
K
T
O
C
K

Buddy explains!

The straight part
We know that "time sensed passing?" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case time sensed passing? = tick tock.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does TICK TOCK mean?

TICK TOCK noun
  1. The sound of a ticking clock.
  2. A step-by-step account of an event or timeline.
TICK TOCK verb
  1. To make continual clicking sounds like those of an analog clock.
TICK TOCK interjection
  1. Clicking sounds like those of an analog clock.

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