Azerbaijan approves rules for selling seized property at customs auctions
Azerbaijan, Baku, Oct 22 /Trend A.Akhundov/
The Cabinet of Ministers has approved the rules on customs auctioning off goods and vehicles transferred to public ownership, the cabinet said on Monady.
These rules shall govern the sale of goods and vehicles seized by a decision of the Criminal Court and other offenses in the field of customs, as well as transferred to state ownership after the refusal of a person in favor of the state.
The association Azərterminalkompleks, subordinated to the State Customs Committee will act as a seller and organizer. The initial selling price of goods offered for sale in the auction shall be determined on the basis of free (market) prices in accordance with the law "On appraisal activities."
In accordance with the Customs Code, the fee for participation in the auction should not exceed 0.5 percent of the original purchase price of the property.
Customs officials, the structures subordinated to the committee, and members of their families can not purchase the property, transformed into state property.