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Customs Enforcement impounds illegal luxury vehicles, goods of Rs4.2b during FY21

byM Hayat
03/07/2021
in Breaking News, Lahore, Latest News, Slider News
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LAHORE: During the financial year 2020-21, Pakistan Customs, under the leadership of the Member Customs (Operations) Syed Mohammad Tariq Huda contributed significantly towards revenue collection and devised a strategy for counter smuggling and enforcement. All the field formations of Customs Enforcement executed the vision with sheer commitment and hard work.

The Collectorate of Customs Enforcement, Lahore under the supervision of Chief Collector Faiz Ahmad utilized the services of its young officers and material resources, to play a vital role in implementation of FBR’s vision. During the course of various anti-smuggling operations on roads and at storage places inside and outside city limits of Lahore the Collectorate made seizures of POL products, cloth, cigarettes, auto parts, betel nuts, skimmed milk, welding rods, tires, luxury vehicles etc. worth more than Rs4.2 billion. Crossing the milestone of Rs4 billion is a record in the history of Enforcement Collectorate, Lahore. Moreover, the Collectorate realized more than Rs530 million from auctions and duty/taxes on disposal of confiscated goods.

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The real contribution of the Collectorate towards the national cause was increasing the cost of smuggling and creating deterrence while enhancing the revenue potential from legal trade. The Collectorate’s policy of taking the bull by the horn in dealing with the biggest smuggling rackets of the country created a chain reaction which made significant dents to the smuggling and trade in smuggled goods. The counter smuggling operations against illegal POL outlets also led to an increase in the revenues from legal trade of POL products and similarly for other products the share of legal businesses expanded leading ultimately to national growth.

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