The Kenya Revenue Authority (KRA) is carrying out a mass auction of imported vehicles and other items that have overstayed at the Mombasa port.
KRA on Monday, August 14, 2023, announced the mass auction while inviting prospective bidders to check out the items on sale through a dedicated portal.
The taxman said the auction runs from Monday, August 14, 2023, to Sunday, August 20, 2023.
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"KRA is running an Online Auction to sell overstayed cargo at the Port of Mombasa. The Auction is running from Monday 14th August 2023 to Sunday 20th August 2023," KRA announced.
The taxman further explained that to place bid(s) in the portal one had to log in using their KRA iTax PIN and iTax Password.
KRA also notified bidders that the bidding prices are final and would not be subjected to taxation.
"Kindly note that the bidding price is final and no taxation will be done. However, the registration with NTSA will be done after you win the bid at your own expense," KRA said.
Throwaway prices
K24 Digital observed that the reserve prices of the second-hand vehicles being auctioned by KRA are way lower than the market prices.
For instance, Mazda CX-5 which usually has a price tag of Ksh2.5 million to 3.5 million has a reserve price of Ksh1.5 million on the KRA portal.
Mazda Demio has a reserve price of Ksh358,467 while Hyundai i10 has a reserve price of Ksh232,000.
Other items stuck at the Mombasa port are also being auctioned at throw-away prices.
However, it is important to note the prices could go up depending on the bids - the highest bidder carries the day.
