MoPF statement: No plan to auction the confiscated vehicles

There is no plan to auction the confiscated vehicles, according to the Ministry of Planning and Finance.

The authorities seized more than 21 billion Kyats worth of illegal products between January and May 2022 and the amount was 13 billion Kyats more than last year. Vice-Senior General Soe Win said that confiscated goods should be auctioned off as quickly as possible in accordance with the rules and regulations to increase the government’s revenues and not to waste the efforts of those who make the seizures.

Measures must also be taken to deal with cars with or without a licensee during the meeting of the Anti-Illegal Trade Steering Committee held in June.

On 24 May, the officials confiscated 28 vehicles with expired ID at Thilawa port and were abandoned by owners, according to the Anti-Illegal Trade Steering Committee.

Moreover, the Vice-Senior General added that all possible means should be applied to control illegal trade along the trade routes in regions and states, regular or surprised checks should be carried out at the places where illegal trade starts and illegal goods are stored for distribution and action must be taken.

The Ministry of Planning and Finance released such a statement denying the rumour of vehicle auctions.