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The Kenya Revenue Authority (KRA) is running an online auction to sell overstayed cargo at the Port of Mombasa. The auction will run from Monday, August 14 to Sunday, August 20, 2023.
The auction will be held on the KRA’s online auction platform, customsauction.kra.go.ke/products. Bidders must login using their KRA iTax PIN and iTax Password to participate.
The bidding price is final and no taxation will be done. However, the registration with the National Transport and Safety Authority (NTSA) will be done after you win the bid at your own expense.
The reserve price for the items will be the full taxes for the item plus other administrative costs. Bidders should not bid below the calculated reserve price.
The items up for auction include a variety of goods, including vehicles, machinery, and electronics. There are also a number of containers that are up for auction.
The auction is a great opportunity to buy goods at a discounted price. However, bidders should carefully consider the condition of the goods before bidding.
The KRA is running the auction in an effort to clear the backlog of overstayed cargo at the Port of Mombasa. The auction is expected to generate revenue for the government and to free up space at the port.
Here are some tips for bidding in the KRA online auction
Do your research. Before you start bidding, it is important to research the items that you are interested in. This includes checking the condition of the goods, the reserve price, and the estimated market value.
Set a budget. It is important to set a budget before you start bidding. This will help you to avoid overspending.
Read Terms and Conditions. Familiarize yourself with the auction’s terms and conditions to avoid any surprises.
Be patient. The auction can be competitive, so it is important to be patient and to wait for the right price.
Don’t be afraid to walk away. If you are not happy with the price of an item, don’t be afraid to walk away. There will be other items available at the auction.
