HYDERABAD: Lot of confiscated vehicles and other goods are vegetating day by day due to higher ‘Reserved Price’ at Model Customs Collectorate Hyderabad State Warehouse.
As per details, the reason of deterioration is the ‘’Reserved Price’ set by the assessing officers at very higher side which is more than the market value of these items.
Bidders requested the department that prices of goods and vehicles for auction must be set as per the condition of items keeping in view the market
They also demanded that auction must be held each month by department, for better revenue collection.
