27 CFR § 72.62 - All bids on unit basis.

---
identifier: "/us/cfr/t27/s72.62"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "27 CFR § 72.62 - All bids on unit basis."
title_number: 27
title_name: "Alcohol, Tobacco Products and Firearms"
section_number: "72.62"
section_name: "All bids on unit basis."
chapter_name: "ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE TREASURY"
subchapter_number: "F"
subchapter_name: "PROCEDURES AND PRACTICES"
part_number: "72"
part_name: "DISPOSITION OF SEIZED PERSONAL PROPERTY"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
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."
regulatory_source: "T.D. ATF-9, 39 FR 9954, Mar. 15, 1974, unless otherwise noted."
cfr_part: "72"
---


# 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.