Quantcast
Tuesday , August 22 2017
Breaking News
Home / Illustrations / Islamabad warehouse receives Rs7.15m revenue thru auction of various goods
Islamabad warehouse receives Rs7.15m revenue thru auction of various goods

Islamabad warehouse receives Rs7.15m revenue thru auction of various goods

ISLAMABAD: The State Warehouse (SW) Airport Islamabad earned Rs7.15million of revenue through open public auction of various confiscated goods held on the premises of Air Freight Unit (AFU) building on 15th of June’s Financial Year 2016-17.

According to Ali Asad, Assistant Collector State Warehouse AFU Islamabad while talking to Customs Today, it was the 2nd public auction during Financial Year 2016-17. Telling details about the public auction held at the Benazir Bhutto International Airport Islamabad, he said the WH held 2nd public auction of different kinds of unclaimed, confiscated and surrendered goods and contributed a handsome amount to the exchequer of current Financial Year 2016-17.
He further said there is a considerable contribution of revenue by the Customs WH Islamabad under the supervision of Collector Model Customs Collectorate (MCC) Islamabad Dr. Arslan. Telling the details about public auction held on 15th of June 2017, the Assistant Collector said the auction held on Thursday was well organized and transparent. He told CT that auction was held following the standard customs rules. The confiscated goods set for public auction comprise pricey stones, textile fabric, Rolex watch, dish receivers and other items.
He said the SW collected a handsome revenue through public auction adding the above said Rolex watch was sold against Rs720000. He added that all the winning bidders deposited 25% of total amount of winning lot on the spot and rest of the amount will be deposited within seven working days into the title account of Customs SW situated at Islamabad airport.