Every day countless products enter the Federal Revenue yards, generally coming from searches and seizures – t-shirts, sneakers, cigarettes, jewelry and electronic items. And the destination? Everyone goes to the famous auction Federal police.
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The Federal Revenue Service routinely auctions seized items to raise funds for public coffers; and participating is simpler than you might think. See this article for the complete guide on the Federal Revenue Auction.
How does the Federal Police Auction work?
The items seized by the Federal Police are sent to the agency's yards and later auctioned. Since every citizen can participate, all they need to do is comply with some requirements.
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Not only small items are included in the Federal Police auction, convertible cars and luxury models are also part of the lots. They are all auctioned off, and the highest bidder wins.
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All barred and recalled products originate from illegal accession to the country; that is, orders that enter illegally, without declaring taxes; The vast majority of products come from Asia.
Then, from time to time, the seized lots are auctioned; and a minimum time is stipulated, and bids are presented; and just like in a conventional auction, whoever has the highest bid on 'I give you three' wins!
read more: Is it possible to sell a car at auction? Know all the rules
Can anyone participate?
Not exactly. In general, individuals and legal entities can participate in Federal Police auctions; however, as in the articles of car auction, it is interesting to read the notice.
Since not all notices issued by the Federal Revenue allow the participation of individuals in the auction; In some cases, only legal entities are allowed to register.
Furthermore, it is necessary to be up to date with the Federal Revenue Service. And, thus, being able to have the chance to participate in the recipe auction. In general the auctions are in person, but there are electronic ones, which cover a greater number of users.
Consult Federal Police Auction
It is possible to consult the Federal Police auction through the website itself. In order to know which ones will be next, the number of lots available and the contents of each lot.
All you need to do is access the Revenue portal (link available in the next topic) and check the latest news; the states in which the auctions will take place and the days.
How to participate in the Federal Police Auction?
It is necessary to acquire a digital certificate, which is purchased on external websites. Numerous websites on the Internet sell this type of certificate and it doesn't cost very much. Furthermore, it is necessary to have the access code with you – obtained through the Federal Revenue Portal.
Since the access code is only valid for two years; then it needs to be renewed. See step by step how to obtain it according to the Revenue data.
And then, it is necessary to carry the above documents and register through the official Revenue website; this is when the Federal Police auction notices are opened.
Furthermore, it is simple and quick to register and participate in the Federal Police Auction.