E-auction portal: Customs opens auctions to holders of Joint Tax Board TINs

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The Nigeria Customs Service has formally declared that people possessing a legitimate Joint Tax Board (JTB) Tax Identification Quantity (TIN) will now have the chance to register for participation in auctions by way of the newly enhanced e-auction portal.

This announcement was disseminated by way of a post on the verified Nigeria Customs Service (NCS) X account on Thursday.

That is to tell most of the people that candidates with Joint Tax Board (JTB) Tax Identification Quantity (TIN) can now register to take part within the public sale,” the publish learn.

Initially, when the e-auction portal was launched in January, solely people with a legitimate FIRS Tax Identification Quantity (TIN), verified on tax promax, have been eligible to register and partake in public sale actions.”

Nevertheless, the latest inclusion of people with a legitimate Joint Tax Board (JTB) Tax Identification Quantity (TIN) to register and interact in NCS e-auctions broadens the alternatives for extra Nigerians to amass time beyond regulation and seized items from Customs by way of participation within the public sale train.

What you must know in regards to the NCS e-auction portal

The upgraded NCS e-auction portal was launched on Monday, January 15, 2024.
Participation within the e-auction at https://public sale.nigeriatradehub.gov.ng is open solely to people possessing a legitimate Tax Identification Quantity (TIN) from FIRS, validated on tax promax, and people with a legitimate Joint Tax Board (JTB) Tax Identification Quantity (TIN).
individuals are required to have an energetic electronic mail for signing up on the e-auction platform.
Upon profitable sign-up, individuals should pay a non-refundable price of N1,000 by way of the platform.
Every bid on the portal incurs a participation price of N1,000.
Members can bid for a most of two objects per window, with limitless bids allowed.
Objects auctioned on the Customs e-auction portal are offered “as is,” and requests for substitute or refund is not going to be entertained.
Bidding on the e-auction portal is open each Tuesday from 12 midday to six pm.
Winners of bids should make funds inside 3 days and accumulate objects from the designated terminal.
Extra time items on the e-auction portal entice an extra cost on the successful bid, with 25% allotted to the transport firm and the remaining 25% to terminal operations.
Winners claiming objects should present obligatory documentation and identification.
Nigerian Customs officers and house owners of seized objects are ineligible to take part within the public sale.
All winnings should be validated at Customs Space Controller’s places of work nationwide.
Immediate cost of a 7.5% VAT, and a refundable container deposit (if relevant) are obligatory.