Principles regarding the electronic sale of confiscated portable goods

According to the regulation of the Ministry of Justice published in today's issue of the Official Gazette, the sale of the portable goods will be done by auction. The day and time interval for the first and second auctions will be announced at least 15 days before the start date of the auction.

Announcements and specifications to be made on the Electronic Sales Portal will be kept open until the end of the auction. The start date of the second auction will be determined so as not to exceed 1 month from the end of the first auction. In the auction held on the Electronic Sales Portal, the bidding period was determined as 7 days.

The lowest bid in the auction will be 100 TL

At the latest, the cash collateral amounting to 10% of the appraised value of the confiscated property will be deposited via the Electronic Sales Portal to the bank account of the enforcement office that made the sale, at the latest, until 23:30 on the day before the auction period.

Personal information of the bidders in the auction will not be seen and displayed in the information system except by the public officials operating the information system during the auction period.

The difference between the offers shall not be less than 1 per thousand of the appraised value of the portable goods put up for sale, and in any case not less than 100 TL. The highest bidder will not be able to withdraw its bid and receive its security unless a higher bid is made within the bidding period.

The tender buyer will have to pay the sales price to the account of the execution office that made the sale within 7 days from the announcement of the auction result report, even if the termination of the tender is requested. The goods sold will not be delivered before the tender is finalized and will not be registered in the official registry on behalf of the buyer.

The implementation will start within 1 year at the latest across the country

The regulation brought by the regulation will be applied to the auctions to be announced as of the date determined in the provinces or districts where the electronic sales application will be announced on the official website by the Ministry of Justice, and to the auctions that will be announced at the end of one year at the latest as of today.