Recently, under the direction of the National Board of Revenue (NBR), the customs authorities have decided to sell the vehicles in e-action (online auction) and manual auction on November 3 and 4. 112 luxury cars will be picked up in this auction.
Earlier, from 2016 to 2019, the customs authorities canceled the auction four times in a row as they did not get the expected price.
Chittagong Customs House Commissioner Fakhrul Alam said this in response to a question from reporters regarding the auction of Carnet cars on Thursday.
He said e-action (online auctions) and manual auctions have been organized to sell these high-priced cars with a large number of participants from across the country. Due to the e-action auction, residents of all districts except Chittagong and Dhaka will be able to participate in the auction. As the number of participants in the auction increases, so will the competitive price. The sale of these vehicles will free up port space, as well as create huge revenue for the government treasury.
According to the auction branch of Customs, the cars put up for auction include expensive brands like BMW, Mercedes Benz, Land Cruiser, Land Rover, Jaguar, Lexus, Mitsubishi.
On June 24, the Chittagong Customs Commissioner applied to the National Board of Revenue to take a policy decision for the sale of the 112 luxury cars occupying a large area of the Chittagong port. In response to the request, on August 18, Sadia Afroz, second secretary of the National Board of Revenue (Customs Detective and Auction), made a policy decision to launch e-action on the vehicles.
According to the customs auction conditions, any person or organization can participate in the auction. Copies of updated trade license, VAT registration certificate or TIN certificate should be submitted to the organization along with the schedule while participating in the tender. In case of individual, copy of national identity card and copy of TIN certificate should be submitted. Bank draft or pay-order at the rate of 10% of the given quotation should be submitted in favor of Chittagong Customs Commissioner.
(Dhaka Times / 23 October / LA)
Source: Dhakatimes24 Online by www.dhakatimes24.com.
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