FAISALABAD: The Directorate of Customs Intelligence and Investigation (I&I) regional office auction committee has conducted the auction of impounded vehicles and other smuggled goods after the permission of Federal Board of Revenue (FBR) and generated revenue of Rs5.96 million through auction process.
Deputy Director (DD) Irfan Shouqat said that during different anti-smuggling activities the Customs Intelligence has seized smuggled items under the Transit Trade Route from GT Road, M1, M2, M3 Faisalabad, Sargodha and Sumandri and shifted the same to the State Warehouse.
The intelligence authority has registered the cases of seized goods and referred the cases to the Adjudication Department for proceeding. After the conclusion of proceeding of the cases the court announced the judgment in favor of the Customs Intelligence and Investigation Faisalabad.
Deputy Director Irfan Shouqat told that various parties participated in the bid of auction but only three parties offered attracted prices while tyres were sold in Rs2084500, foreign origin cloth Rs3,652,000 and others different items worth Rs231000.
It is to mention here that the Customs Intelligence has already expedited its efforts to generate more revenue to meet the assigned target of the current Fiscal Year 2018.
The auction was held at the Customs Intelligence and Investigation office Amin Town Canal Road Faisalabad. Deputy Director Irfan Shouqat supervised the auction. He said the auction will strengthen revenue generation measures of the Collectorate.