The Customs Department has decided to call off a public auction of 315 cars and motorcycles scheduled on Thursday after the Land Transport Department sent an urgent notification to the former informing that most of the vehicles cannot be legally registered.
All the vehicles to be auctioned off were impounded by the Customs Department after it was discovered that they were not properly imported into the country or their prices were under-declared to avoid taxation.
According to the notification of the Land Transport Department, only four of the 315 vehicles could be registered, including two Toyota, one Honda and one Nissan.
Among the impounded cars to be auctioned off include one Ferrari California T whose bidding price started at 20.62 million baht, an Aston Martin DBP Spider whose bidding price started at 20.06 million baht.
Customs Department deputy director-general Chaiyuth Kamkhun said the department had predicted that it would make 550 million baht in revenue from the auction of all the vehicles.
However, he added that he would discuss with the Land Transport Department on how to deal with all the cars if they could not be registered, which would deprive the state of revenue would also increase burden on the Customs Department for having to keep the vehicles.
Source: Thai Public Broadcasting Service (Thai PBS)