Auction for confiscated diesel/petrol on June 3

KARACHI: Pakistan Customs to conduct an auction of confiscated diesel and petrol on June 3, 2014 at Model Customs Collectorate (Preventive), Karachi, a notification said.
It is to inform that 75990 liter diesel and petrol is available at MCC Preventive, Karachi where the auction will be taken place.
The collectorate intends to dispose of the seized diesel and petrol on certain conditions including: mode of payment will be in form of banking instrument preferably a pay order which would be drawn in favor of Collector of Customs MCC (Preventive), Karachi; the delivery of diesel/petrol will be taken at CPF Bond/NMB Wharf as the case may be; 10 percent withholding tax will be charged on the value of the oil; petroleum development levy will also be charged; and quantity of goods may vary due to unavoidable circumstances.
The MCC Preventive said in a circular that interested parties may send sealed tender, quoting per liter price of diesel oil, inclusive of all taxes but exclusive 10 percent withholding tax.
It further added that 25 percent of the offer price should be in the shape of pay order in favor of Collector of Customs, MCC (Preventive), Customs House, Karachi and the tender will be open at 2:30 on the day of auction.

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