ISLAMABAD: The Auction Cell of Model Customs Collectorate (MCC) Islamabad fetched Rs149.795 million from Holding Tax (WHT) and Customs Duty (CD) during the month of June Financial Year 2016-17.
The collectorate held four auctions during June FY16-17.
According to details told by Assistant Collector Auction Cell Majid Hussain Gadd that during said period, the Auction Cell held three auctions here at State warehouse G-11 and the other one was held at the State Warehouse Islamabad Airport.
During the first public auction, the Auction Cell earned Rs49.7million by selling various kinds of confiscated goods and impounding Non-Duty-Paid (NDP) offending (vehicles used for carrying smuggled goods) vehicles on June 8 of Financial Year 2016-17.
He said the second auction was held at the State Warehouse (SW) Airport Islamabad during June which received Rs7.15million of revenue through open public auction of various confiscated goods held on the premises of the Air Freight Unit (AFU) building on 15th of June’s Financial Year 2016-17.
He said through 3rd auction held during June FY16-17, the Customs Auction Cell Islamabad got Rs49.825million through said public auctions of impounded vehicles and seized smuggled goods. During 4thauction, the Auction Cell generated Rs43.12million in the same month of June FY16-17.
During the last month of Financial Year 2016-17, the Auction Cell contributed a handsome amount to the CD and WHT which provided a big support to meet the assigned revenue collection target for June FY16-17.
