Bengaluru Customs Auctions 227 Seized Gadgets: 175 iPhones, Apple Watches Up for Bid

• Bengaluru Customs to e-auction 227 seized electronic items, including 175 iPhones and 21 Apple Watches, on December 30.
• The auction is for a single lot, meaning all 227 items must be bid on together, targeting bulk traders and refurbishers.
• Bidders must be registered on the MSTC Limited platform and possess a valid GST registration for the reverse charge mechanism.
• Items are sold "as-is-where-is"; physical inspection is available at Kempegowda International Airport godown until December 29.
• Strict payment deadlines apply, with penalties for missed payments, making financial planning crucial for bidders.

Why It Matters: Bengaluru Customs offers a bulk e-auction of seized gadgets for GST-registered traders, not individual buyers.