KARACHI: Model Customs Collectorate (MCC) Gwadar will hold public auction of various confiscated goods including lubricant oil and motor vehicle tyres etc. at Custom Station, Panjgur on ‘as is where is’ basis on February 14, 2019.
The collection will auction confiscated goods included: tractor tyres, suphonic acid, instant yeast, biscuits, chocolate, lubricant oil, detergent powder, motor cycle pumps, car tyres, ceramic tiles, chew gum, toffee, cake, cigarette, polythhylene bags, iron sheet, synthetic carpet, whey powder, glass ware etc.
The collectorate said that auction shall be held strictly in accordance with the provision of the Customs Act, 1969 and Rules made there under. All the interested parties, bidders shall abide by all the conditions ordained under the relevant provisions of the Act, and the rules.
It said that the auction would be held on ‘as is where is’ basis.
The collectorate said that interested bidders would deposit Rs25,000 as call deposit in favor of Collector of Customs, MCC Gwadar for participation in the auction.
It said that successful bidder has to deposit specified amount in shape of cash on the spot. Rest of the bid amount shall be deposited within seven days of the display of the list of approved lots on the notice board of Custom Station, Panjgur.
The collectorate said that the successful bidder has to deposit the bid amount of applicable advance income tax separately. Further the collector of customs reserves the right to accept or reject any bid without assigning any reason.
It further said that if the auction is not completed within the stipulated period, the same may be continued on the next date till finalization of auction of all lots.