The National Tax and Customs Directorate (DIAN) delivered a balance of results on the auction days it has carried out throughout this year, as a strategy of the National Government to generate income for the Nation, amid the country’s cash squeeze due to the economic slowdown.
According to reports from this tax authority, in the first six months of 2024, a total of $10,968,016,386 in seized, confiscated and abandoned merchandise was sold in favor of the Nation. Sales They were given through virtual auctions, in which citizens were invited to participate.
“The merchandise sold includes vehicles, industrial and general machinery, jewelry, equipment, furniture, precious and non-precious metals, among others. The figure reached so far almost doubled the amount of total sales in 2023, which was $5,501,269,990,” says the report from this entity.
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They also pointed out that of the five public auctions that have been carried out this yearThe sector that generated the most sales was jewelry, precious and non-precious metals in May, with a value that exceeded $9 billion, followed by vehicles, which generated revenues of more than $1.1 billion.
Machinery and equipment and industrial machinery were two other categories recorded in these auctions, which resulted in profits for the State of more than $600 million in the first six months of 2024.
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These activities have been carried out in collaboration with Banco Popular’s ‘El Martillo’ platform, which specializes in auctions where interested parties can obtain information and place their bids. For the remainder of the year, The Tax Authority has planned five additional auctions.
The Dian auction calendar includes a jewelry auction between July 29 and 31, as well as a mid-August auction of precious and non-precious metals, while in September, vehicles will be auctioned and in October there will be a jewelry auction and another of vehicles.
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“Public auctions are a modality with which the resources are made available “The government has been responsible for the collection, confiscation, or abandonment of goods seized, confiscated, or declared abandoned as a result of its control work. The idea behind this mechanism is that the entity can secure greater resources for the nation and serve to strengthen and improve attention to citizens,” it added in its statement.
The goal is to enable anyone to participate and purchase goods of interest, following principles of transparency and affordability.
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How to take part?
To participate in the auctions of ‘El Martillo’, it is necessary to register on the website, providing basic contact information. Registration is validated by security questions. It is essential to have a bank account enabled to make payments by PSE. If you are already registered, you can log in directly with your username and password. Details such as location, base price and lot specifications can be found in the available catalogue.
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On the day of the auction, you must log in to the page with your username and password and access the ‘Virtual Auction Room’. You must make a virtual deposit using the PSE secure online payments button, located in the “My Account – Make your deposit” menu. Once the payment has been approved, the deposit will be reflected in ‘My Account – Check your PSE payments’. In the auction room, you select the lot of interest and the deposit to be used, displaying the offer and the minimum margin of improvement.
During the auction, the system will indicate whether the bid is winning or losing.allowing you to improve your bid if necessary. Each lot has a timer that shows the time remaining until the auction closes, so you should keep an eye on it until it ends.
The winner will have four business days to deposit the remaining balance. DIAN will then contact the winners to process the contract and deliver the products. The deposits of non-winning participants will be returned to the account from which the payment was made.