MULTAN: Directorate of Customs Intelligence and Investigation Multan Office will hold public auction of High-Speed Diesel Oil and Lubricants on 23rd June (today).
According to details, Directorate of Customs Intelligence and Investigation Multan Office has announced auction of 232575 liters of High-Speed Diesel (HSD) approximately. During auction of Customs Intelligence 270 drums of grease (all are rusty and in leakage condition) will be presented for the auction. Moto oil brand of 20 liters can of 1099 and 970 cans of lubricants will be presented for the public bid during auction.
Eligible Oil Marketing Companies will participate in the auction under Rule 49 by submitting sealed offer in the name of Director Customs Intelligence and Investigation Multan and sealed quotations/bids along with 25 percent earnest money in the form of pay order or bank demand draft in favour of Collector of Customs.
The price offer will be opened in presence of all participants under rule 73 of Customs and successful bidder will remaining amount of said HSD and lubricants with in 7 days under rule 68 of the Customs act. In case of rejection of the bid earnest money shall be refunded to the bidder under rule 74 of Customs rule.
Deputy Director Customs Intelligence and Investigation Muhammad Hamza Lak will supervise the auction process.
