The Federal Revenue Service regularly organizes auctions of items seized at airports and borders in Brazil. The products are usually in excellent condition and are offered at much lower prices compared to those practiced on the market.
Therefore, they represent a great opportunity for those looking to make budget purchases. If you are interested, it is crucial to understand How to participate in the Federal Revenue auction.
Have you ever imagined getting a car for the price you would pay for a motorcycle? Well, you should know that this is possible through the Federal Revenue Service's car auction. Stay with us and find out how to participate.
The entire auction process is conducted online, through the Electronic Auction System. This allows anyone to follow the bids and auction notices online, without having to leave home.
Throughout the year, the IRS holds several auctions. In many of them, you can find a wide variety of products at incredible prices, such as TVs for just R$500, cars for less than R$10,000, and even iPhones for just R$700.
There are a wide range of electronics, video games, and more available. Most of the time, these items are in good condition and can be used for several years without any problems.
Participating in Federal Revenue auctions is quite simple. However, it is essential that interested parties are aware of some important information. With this in mind, we present the main information below. Stay tuned to find out more!
How does the Federal Revenue auction work?
In fact, the auction process is structured in stages to ensure transparency and competitiveness. Here is a detailed summary of the process:
- Bidding Phase: During this phase, all price proposals for a given lot are received. The participant is free to change the value of the proposal or even withdraw the bid.
- Opening of the Bidding Session: After the proposal phase is over, the bidding session opens. Only those who have placed a bid at least 10% lower than the best proposal advance to this stage.
- Auction: This is the final stage of the auction. Participants who have advanced to this stage compete against each other by placing bids in real time. The person who places the highest bid wins the lot.
It is important to note that if the winner does not make the payment within the stipulated period, the Federal Revenue Service has the right to impose a fine. In addition, the participant may be banned from future auctions.
Therefore, remember to read and understand all the rules and conditions specified in the auction notice before participating.
And always make sure you can afford your bid before placing it to avoid future problems.
Who can participate in the Federal Revenue auction?
Both individuals and legal entities can participate in Federal Revenue auctions, as long as they meet certain requirements. These requirements include:
Valid Digital Certificate
To bid in an auction, the participant must have a valid digital certificate. This is an electronic document that guarantees the participant's identity in the digital environment, allowing them to carry out various online transactions securely.
The digital certificate is required to access the e-CAC system, which is the Federal Revenue's Virtual Taxpayer Service Center, where auctions are held.
Regular Registration Status
The participant must have a regular registration status in the CPF (Individual Taxpayer Registry) or CNPJ (National Registry of Legal Entities), depending on whether the participant is an individual or legal entity.
This means that there must be no pending issues or irregularities associated with the participant's CPF or CNPJ.
In fact, having a clean record with the SPC (Credit Protection Service) or Serasa is one of the criteria for registration regularity.
Access Code
When registering to participate in the auction, the website will ask for an access code as a security measure. This code can be generated on the Federal Revenue Service portal itself.
Always remember to check the specific rules of each auction in the respective notice, as each auction may have its own guidelines and restrictions.
Step by step guide on how to participate in the Federal Revenue auction
As already mentioned, participation in the Federal Revenue auction is entirely online, which facilitates access for people throughout Brazil.
Here is a breakdown of the step-by-step process you mentioned:
- Access the e-CAC Portal: First, you need to access the e-CAC Portal. To do this, you need a valid Digital Certificate. This is an electronic document that serves to guarantee the user's identity in the digital environment.
- Enter the Requested Data: After accessing the portal, you will need to enter the data requested by the system. Normally, this is the basic registration data.
- Participate in an Electronic Auction: Within the portal, select the option “Participate in the Federal Revenue Service’s Electronic Auction”. This option will take you to the page with the list of active auctions.
- Select the Product of Interest: Browse the auction list until you find the product or lot of products you are interested in. Click on it to see more details.
- Submit your Proposals: After choosing the product, you can make your value proposal. This is the bidding phase. Remember that the proposal is binding, that is, if it is the highest, you will be obliged to purchase the product at the proposed price.
- Follow the Page Instructions: After placing your bid, it is important to follow the page instructions and pay attention to possible new steps, such as the bidding session, which is the final phase of the auction.
Payment for the chosen product
If someone wins an IRS auction, they should understand that payment is a serious commitment. Here are the payment options, as mentioned:
- Full Payment: The full amount of the winning bid must be paid by the first business day after the bid is accepted. Payment is made via the Federal Revenue Collection Document (DARF), which must be issued by the buyer.
- Payment in Installments: The Federal Revenue Service also offers the possibility of dividing the payment into two installments. The first, equivalent to 20% of the total, must be paid by the first business day after the bid is accepted. The second, corresponding to the remaining 80%, must be paid by the eighth calendar day after payment of the first installment.
How do I withdraw the product chosen at the Federal Revenue auction?
After the auction and payment for the product at the Federal Revenue auction, the successful bidder is responsible for collecting the item. The Federal Revenue does not make deliveries.
Typically, the location for collecting the auctioned lot is stated in the auction notice itself, which is available on the Federal Revenue website. The specific date and time for collection are also usually set out in the notice.
