The U.S. Embassies are selling surplus movable property (SMP) via a Web Based Electronic Auction. Each auction will be activated for a period of time clearly stating the start and end date. This information is available on the information panel of the web application. Usually it will be active from Monday to Monday, lasting one week. During this period you can actively take part and submit your bid for the surplus property.
The maximum number of bids on one item is stated for each item. Increasing your bids is possible only in the local currency name. During the auction, you should monitor your bids so you can react to all bid's price development.
Email for winners will consist of a link to the auction application where you can review your items, after successful login. If the successful bidders fail to make payment for their winning lots/goods within the stipulated time, we will be reaching to then next bidders on bidding list.
Terms and Conditions for Disposed Items:
1. The winning Bidder (BUYER) must pay the full amount of his bid to the U. S. Embassy Dhaka bank account within the stipulated time. If the successful bidders fail to make payment for their winning lots/goods within the stipulated time, they may be banned from participating in the future auctions.
2. BUYER must remove the winning lots/items from the Embassy premises within the given scheduled time.
Terms and Conditions for the Vehicle Buyer
1. The winning bidder (BUYER) must pay the full amount bid in CASH to the U.S. Embassy CASHIER and sign the “BILL of SALE” which will be treated as BUYER’s consent to its terms and conditions.
2. Once the bid is paid and Bill of Sale is signed by BUYER, the U.S. Embassy will request the sale permission from the Ministry of Foreign Affairs (MoFA). It usually takes at least three weeks to obtain it, but the Embassy reserves the right to extend the time to obtain the sale permission from MoFA if required. Once sale permission is obtained, the Embassy will provide the related documents to BUYER so that BUYER can pay the applicable duties and taxes to the Government of Bangladesh.
3. BUYER is responsible to process documents from the National Board of Revenue (NBR) and pay customs duties and other taxes (as per the Government of Bangladesh’s rules and regulations) within 90 days after receiving the paperwork from the Embassy. In case of failure to complete the paperwork and payments within the stipulated timeframe, the sale will be cancelled, the Bill of Sale will become null and void, and the amount paid will be forfeited.
4. Once the duties and taxes are paid, BUYER must provide the Embassy with an original letter from the customs authority and the money receipt from a bank confirming receipt of duties and taxes. No photocopy or certified copy will be acceptable.
5. The Embassy will then request MoFA to issue a de-registration certificate, which BUYER must pursue. The vehicle will not be released/handed over to BUYER until the de-registration certificate from the MoFA is presented.
6. Once all other formalities are done, the Embassy will prepare a “Sale Contract and Gate Pass” to hand over the vehicle to the BUYER.
HOW TO PAY and TAKE THE DELIVERY OF WINNING LOTS
After the auction closes, payment must be paid to US Embassy Cashier at Annex Compound North CAC on the specified date(It's mentioned in each lot description) and all lots must be picked up on the same day.
If the successful bidders fail to make payment for their winning lots/goods within the stipulated time, they may be banned from participating in the future auctions.
In order to retrieve your items, you must present the original receipt of bank money transfer with all required details included in the payment paragraph above or a printed version of the Internet banking money transfer. Any paid items that are not picked up during the scheduled time frame will be disposed of, and there will be no possibility for their retrieval. Once the payment is received, we arrange access request for the winner/vehicle to pick up their lot/s at the embassy annex. In special cases or circumstances, you may arrange a different pick-up date and time by contacting the auction manager. After successful confirmation of payment for your items, our staff will move your items out to the front of the storage building. From that time on, you are the owner of your merchandise. You will have the full responsibility for subsequent handling procedures and removal from Embassy property in a timely manner. If items are not removed in a timely manner they may be considered abandoned and disposed of.
