BUSINESS

314 Cars, 223 Containers Set for Historic Auction in Mombasa

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Vehicles at the Port of Mombasa. The first two-day auction at the Port will be held by the Kenya Revenue Authority (KRA) on June 23 and 24, 2021. [Photo/ Kenya Ports Authority ]
Vehicles at the Port of Mombasa. The first two-day auction at the Port will be held by the Kenya Revenue Authority (KRA) on June 23 and 24, 2021. [Photo/ Kenya Ports Authority ]
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High-end SUVs and luxury cars are among 314 vehicles and 223 containers set to be auctioned by the Kenya Revenue Authority (KRA) at the Port of Mombasa.

The vehicles and containers are being held at the Port over tax-related dispute. KRA’s Coast Region Coordinator Joseph Tunoi described the planned auction as historic as it is the first time the auction will be held for days.

KRA is eyeing between Ksh150 million and Ksh200 million in revenue from the auction. It is to be held on June 23 and 24 in Mombasa.

“For the first time, we are going to run a customs auction for two consecutive days. It is scheduled for June 23 and 24. This is because of the big number of motor vehicles and containers that are put on auction,” Tunoi confirmed.

He further disclosed that the event would be held in strict adherence to Covid-19 protocols.

The containers, which have various assorted household goods as well as clothes and shoes, are being held at the Custom Warehouse at the Port of Mombasa.

READ>>>>>KRA Barred from Collecting Minimum Tax as Businesses Protest

“These are majorly containers that have overstayed. We want to clear congestion at the port, encourage efficiency and facilitate trade. We are also in the business of protecting our revenue.

“The process will be very transparent. Every Kenya has an equal chance to bid for whatever they wish to buy,” Tunoi stated.

He further disclosed that the last auction at the Port of Mombasa netted about Ksh53 million.

The vehicles are being detained at various Container Freight Stations (CFS).

READ>>>>>Experts Take on Tax Measures Proposed In Finance Bill 2021

 

 

 

Written by
MARTIN SIELE -

Martin K.N Siele is the Content Lead at Business Today. He is also a Quartz contributor and a 2021 Baraza Media Lab-Fringe Graph Data Storytelling Fellow. Passionate about digital media, sports and entertainment, Siele also founded Loud.co.ke

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