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Old 14th August 2010, 13:01   #1
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Thumbs up DRI seized Superbikes to be auctioned in Mumbai - 18 nos

Hi Guys,

Most of you would have read the article in TOI yesterday.Mean machines at not so mean prices I was just wondering if anyone from the forum is looking forward to it & all ready to bid for one or more.

Does anyone have the details - What bikes/Year of manufacture/Miles clocked/Prices (est) Date of auction,etc?

Cheers!
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Old 14th August 2010, 13:55   #2
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Hey Dhiraj, could you please share a link to the article?
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Old 14th August 2010, 15:14   #3
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Source : Times of India,13th Aug'10

Mean machines to be sold for not-so-mean prices

[SIZE=1]C Unnikrishnan | TNN [/SIZE]

Mumbai: Harley DavidsonArnold Schwarzeneggers favourite bike and the American symbol of freedomis set to compete with Suzukis Hayabusa and Intruder and Hondas CBZ even as the mean machines are put under the hammer in your neighbourhood.
The buyers need not fear that the law enforcement agencies will hound them for possessing a smuggled bike,but the bid will definitely burn a hole in your pocket,though the base price is yet to be fixed.
The customs department has decided to auction 18 motorcycles and a buggy that were seized after the directorate of revenue intelligence (DRI) busted a racket in which spare parts of the bikes were smuggled into the country from Singapore and assembled at specialised garages in Mumbai and Pune.
The DRI sniffed a scam in February,last year,when information gathered suggested that spare parts of motorcycles were being smuggled into the country and bikes were being assembled here.Import of these bikes through proper channel was unlikely as it attracted a duty of 103% and if it was a used motorcycle,the duty was intentionally kept higher at 150% to check smuggling,which is rampant in the latter category.However,the duty rates on spare parts were 25% to 30% and that made it easy for the gang,DRI officials had found.The DRI had seized 84 bikes,of which 64 were returned to the users after they paid the duty and the penalty.
The cartel,headed by Nadir Ali,owner of a garage in Bandra and who is currently in judicial custody of the DRI,teamed up with five others and sold the bikes to unsuspecting buyers.Most of the buyerswho were crazy about such motorcycles and had huge amounts at their disposalfound the prices offered (Rs 11 lakh) cheaper,considering that importing a bike would cost them Rs 17 lakh.
After the DRI seized the bikes,the buyers found themselves in a soup.If buyers wanted their bikes back,they would have had to pay 150% duty and an equal sum as penalty.So,some of them decided to abandon it.However,some,who were absolutely crazy about the motorcycles,paid the amount and took the vehicles back, an official said.



ePaper Lite - Times of India Publications
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Old 15th August 2010, 08:14   #4
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If the prices are not so mean I would like to buy one . Dhiraj, Can you let us know what would be the procedure and also let us know what would be the expected.
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Old 15th August 2010, 22:45   #5
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Is there a phone in price for the auction or is it all live?
When is this gonna happen?
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Old 16th August 2010, 11:18   #6
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There will be a minimum bidding amount on the bikes as the DRI is looking at recovering dues along with some pocket money. So dont expect rock bottom prices for these bikes. If anyone from team bhp is bidding then good luck.
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Old 17th August 2010, 11:31   #7
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Related thread on the same topic

Buying one of these seized bikes - if you can - could potentially make for a mouth-watering deal. Since its the DRI selling them off, no worries about the paperwork either. However, and most probably, the auctions would be dominated by a large dealer or two.
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Old 17th August 2010, 11:38   #8
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Quote:
Originally Posted by GTO View Post
Related thread on the same topic

Buying one of these seized bikes - if you can - could potentially make for a mouth-watering deal. Since its the DRI selling them off, no worries about the paperwork either. However, and most probably, the auctions would be dominated by a large dealer or two.
As expected. I hope the information regarding the auction is made public.
I wonder what is the state of the bikes. Hope they haven't seen any damage lying with DRI.
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Old 17th August 2010, 12:21   #9
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DRI office is two buildings away from my office building & I see these nike everyday, parked just inside front doors of the building, visible through the glass doors. The bikes are parked in safe manner & were not exposed to elements since their confiscation. I also see some exotic cars there when they come for their paperwork etc.
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Old 17th August 2010, 15:19   #10
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Wonder how genuine the auctions are.

There is no details of the dates / locations / models / base price posted anywhere. This will just see a setup of a few dealers and the auctioneers ganging up to get the bikes through at the lowest price possible with a cut for the govt agents.
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Old 17th August 2010, 15:50   #11
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Quote:
Originally Posted by ariesonu View Post
DRI office is two buildings away from my office building & I see these nike everyday, parked just inside front doors of the building, visible through the glass doors. The bikes are parked in safe manner & were not exposed to elements since their confiscation. I also see some exotic cars there when they come for their paperwork etc.
Thats good, atleast for the prospective owners of the bikes.

Quote:
Originally Posted by ACM View Post
Wonder how genuine the auctions are.

There is no details of the dates / locations / models / base price posted anywhere. This will just see a setup of a few dealers and the auctioneers ganging up to get the bikes through at the lowest price possible with a cut for the govt agents.
Sad state of affairs. Perhaps the bikes will end up going back to the original owners.
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Old 27th March 2013, 10:00   #12
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Default Re: DRI seized Superbikes to be auctioned in Mumbai - 18 nos

Bumping into an old thread. I am looking for complete proceedure to register a DRI Auction bike.
A friend in Delhi owns a CBR 600 F4i which is an DRI auction bike and its still not registered.
Can some one throw some light on the step by step procedure about how to get it registered thru the Delhi RTO.
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