ISLAMABAD: The Customs Auction Cell of the Model Customs Collectorate (MCC) Islamabad earned Rs42.00million through public auction of impounded vehicles and smuggling goods on 21nd of December Fiscal Year 2016-17.
According to details given by Deputy Collector Tahir Iqbal Khattak that it has been an extraordinary auction regarding the earning of handsome revenue by gearing up ongoing struggle to meet the allocated target for 2nd quarter (October to December) FY17-18.
He added that Collector Islamabad Dr. Saeed Khan Jadoon appreciated the Auction Cell for holding a well-organized auction. Telling about the details, Tahir said that the people from Rawalpindi, Islamabad and Peshawar particularly participated in the said auction.
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The auction was organized by the Alvi Auctioners along with the customs staff of the MCC Islamabad under the supervision of Deputy Collector Auction. The auction was organized according to the Customs bylaws of 1969.
The bidders deposited 25% of amount on the spot out of the total value of the lots.
