PESHAWAR: All the auction cells, working under the Model Customs Collectorate Peshawar, collected above Rs100million of revenue during Financial Year 2017-18, the correspondent of Customs Today reported.
According to details given by sources of the Model Customs Collectorate (MCC) Islamabad that, during above said period, the auctions cells, including MCC Peshawar Auction Cell, Kohat Auction Cell and Auction Cell of Customs Intelligence and Investigation Peshawar, earned a handsome amount of revenue through auction of smuggled goods and vehicles.
The sources told CT that the auction cell of the MCC Peshawar earned Rs30.66million of miscellaneous duties and taxes while it did Rs6.69million as Sales Tax (ST) whereas auction cell grabbed revenue through auctionable smuggled goods worth Rs5.06million of Additional Income Tax (AIT). Sources added that the auction cell generated a total revenue under all the heads amounting to Rs42.41million during first five months of FY17-18.
The sources further told CT that, during FY17-18, the Customs Station Kohat received Rs6.60million of all duties and taxes. Sources added that the Kohat Auction Cell got Rs5.42million as miscellaneous duties and taxes while it did Rs0.70million of ST whereas the Kohat Auction collected Rs0.43million of AIT and it earned Rs0.5million as Federal Excise Duty during first five months of current FY17-18.
The sources told correspondent that the Auction Cell of Intelligence and Investigation Peshawar generated Rs46.78million of miscellaneous duties and taxes whereas it did Rs9.90million as ST and the I&I Auction Cell earned Rs1.79million of AIT. Sources yet further added that the auction cell received Rs58.47million of revenue through auction of smuggled goods and vehicles during first five months of FY17-18 under all the heads.
