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Dryport Islamabad fetches Rs109m by auctioning off impounded items

Dryport Islamabad fetches Rs109m by auctioning off impounded items

ISLAMABAD: The Auction Cell of Islamabad Dryport earned Rs109.00million of Customs Duty during 2nd Quarter of Fiscal Year 2017-18 by auctioning off the goods seized by the Directorate of Intelligence and Investigation (I&I) and Customs Dryport Islamabad.

According to details given by sources of auction cell of dryport that the Auction Cell fetched Rs57.344million as Customs Duty (CD) during the month of December Financial Year (FY) 2017-18 whereas the auction cell did Rs5.478million under the same head during the month of November FY17-18 while it got Rs46.173million through auction of various kinds of items during the month of October FY17-18.
The sources told CT that, during the month of December FY17-18, the I&I generated Rs18.657million of revenue by seizing the goods under the head of CD while Islamabad dryport earned Rs38.687million of revenue during said period under the same head.
The sources notified the correspondent that, during the month of November FY17-18, the I&I fetched Rs0.300million of CD by auctioning the confiscated goods while dryport Islamabad received Rs5.178million under the same head during the same period by auctioning off the seized items.
During the month of October FY17-18, the I&I obtained Rs45.697million by publically selling of seized goods while the Islamabad dryport did Rs0.476million of revenue by impounding items under the head of CD. The goods provided to the Auction Cell by Islamabad Dryport were confiscated by the importers who did not pay their dues on time.