Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

Lahore I&I seizes smuggled goods & vehicles worth Rs5.535b during FY2022

byM Hayat
June 20, 2022
in Breaking News, Lahore, Latest News, Slider News
Share on FacebookShare on Twitter

LAHORE: Under the supervision of Director Saima Aftab, Directorate of Customs Intelligence & Investigation (I&I) seized smuggled goods and vehicles worth Rs5.535 Billion during current financial year from July 2021 to June10 2022.

According to the details, the Directorate adopted comprehensive strategy, along with Additional Director Hasan Farid and Deputy Director Ali Asad against smuggling during the CFY 2021-22. As this directorate has territorial jurisdiction of Lahore & Gujranwala Divisions, the value of seizures made in the CFY is unprecedented and unparalleled.

You might also like

Services’ exports up by 17.71pc in 11 months of FY22

July 6, 2022

Pakistan, Iran operationalise barter trade

July 6, 2022

The Directorate performance in Enforcement side is even better as Directorate framed 37 contraventions of having value of offending goods to tune of Rs. 13809 million involving evasion of duty and taxes of Rs.  2415 million.

The Directorate of I&I despite lack of human and material resources, contributed significantly in Anti-smuggling drive initiated by the FBR.

During various anti-smuggling operations/raids on road and damping places, the Directorate has mainly made seizures of foreign origin goods notified under section 2(s) of the Customs Act, 1969 i.e. fabrics, betel nuts, tyres, auto parts, cigarettes, luxury vehicles etc, which constitutes of around 70 percent of the afore-stated figure.

Moreover, the Directorate has exponentially surpassed all the previous figures in respect of NDP/Smuggled vehicles’ seizures having worth of Rs. 823.204 Million (Approx) during the CFY. This feat is mainly due to the restructuring of I&P Cell and utilization of investigation inputs for chasing out NDP vehicles networks with the help of sister enforcement agencies.

The Directorate of I&I, in the last half of the CFY (January – May) has also accelerated the disposal of confiscated goods/vehicles through frequent public auctions. The total proceeds of public auctions stand at Rs505 million. In addition to this, the Directorate has also realized the total proceeds of Rs. 135 million on account of goods released on redemption fine along with duty & taxes.

On the directives of Collector Customs Enforcement Lahore Basit Abbasi, Customs Enforcement Lahore is coordinating and cooperating with I&I Lahore in the campaign against smuggling.

Related Stories

Services’ exports up by 17.71pc in 11 months of FY22

byCT Report
July 6, 2022

ISLAMABAD: The exports of services from the country witnessed an increase of 17.71 percent during the first eleven months of...

Pakistan, Iran operationalise barter trade

byCT Report
July 6, 2022

ISLAMABAD: Pakistan and Iran operationalised the trade mechanism across their shared border. In this regard, while addressing a press conference,...

ADC Faisal Bukhari distributes work among assistant, deputy collectors

byCT Report
July 6, 2022

KARACHI: Collectorate of Customs Appraisement West Additional Collector Syed Faisal Saeed Bukhari has issued office order for distribution of work...

SBP may raise rates by 125 bps to tame 13-year high inflation

byCT Report
July 6, 2022

KARACHI: Pakistan's central bank looks set to raise its key policy rate by 125 basis points at its review on...

Next Post

FPCCI’s business group demands lowering of interest rate, controlling exchange rate

  • Contact us
  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • Contact us
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.