---
kind: "section"
citation: "27 C.F.R. § 72.62"
title: "27"
number: "72.62"
heading: "All bids on unit basis."
url: "https://uscodex.org/cfr/27/72.62"
---

# §72.62. All bids on unit basis.


All competitive bids, whether sealed or otherwise, shall be on a unit basis, i.e. if a number of forfeited automobiles are advertised for sale at the same date, hour and place, whether or not in the same notice of sale, there shall be a separate, individual bid required as to each automobile, and it shall not be permissible to accept one blanket bid to cover the entire group of cars offered for sale.


## Notes

### Authority

Authority: 18 U.S.C. 921, 1261; 19 U.S.C. 1607, 1610, 1612, 1613, 1618; 26 U.S.C. 7101, 7322-7325, 7326, 7805; 31 U.S.C. 9301, 9303, 9304, 9306; 40 U.S.C. 304(k); 49 U.S.C. 784, 788.

### Source

Source: T.D. ATF-9, 39 FR 9954, Mar. 15, 1974, unless otherwise noted.