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 the Federal Board of Revenue (FBR) and generated revenue of Rs 2500,000 during the month of December.
Deputy Director (DD) Riaz Hussain 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 case, the court announced the judgment in favour of the Customs Intelligence and Investigation Faisalabad.
Auction Committee Executive Deputy Director Muhammad Riaz told Custom Today that various parties participated in the bid of auction but only two parties offered attracted prices while intelligence sold a Toyota Vitz car bearing registration No: FG-418 at Rs 760,000 and Toyota Premio car No: AAQ-996 at Rs 1740,000.
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 2017. The auction was held at the Customs Intelligence and Investigation office, Amin Town, Canal Road. Faisalabad Deputy Director Muhammad Riaz supervised the auction. He said the auction will strengthen the economy of the country.