By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: KRA auctions vehicles stuck at Mombasa port at throw-away prices: How to place bids
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > Metro > KRA auctions vehicles stuck at Mombasa port at throw-away prices: How to place bids
Metro

KRA auctions vehicles stuck at Mombasa port at throw-away prices: How to place bids

new5nuke
Last updated: August 14, 2023 8:57 am
new5nuke 2 years ago
Share
SHARE

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.

“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

READ MORE  Man seeks advice after been s3xually deprived by wife for 4 years

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.

You Might Also Like

Another major drug bust at ‘Kwa Mathe Wa Ngara’

Family, friends call for justice as woman who was stabbed in her sleep is set to be buried

Police bust child-theft syndicate, arrest woman selling 5-day-old infant for Ksh.400K

Man wrongly interviewed on air to sue BBC

7 arrested in Nairobi attempting to scam Malaysians in fake gold deal

Share This Article
Facebook Twitter Email Print
Previous Article Arteta Arsenal can exploit Premier League loophole to secure fifth summer signing after David Raya deal
Next Article Tottenham Ange Postecoglou has highlighted Antonio Conte Tottenham failure as £25m transfer win emerges
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • Paris Saint-Germain beats Real Madrid in the race to sign the precious gem!
  • Sakaja defends clampdown on property owners over unpaid land rates
  • Man Utd captain Fernandes rejects Al-Hilal move
  • GG Kariuki’s widow Gladys Wairimu dies at 80
  • Rose Njeri released on Ksh.100,000 bond

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?