MULTAN: Customs Collectorate has collected customs duty of Rs34.198 million from M/s Hascol Petroleum Limited for the clearance of their imported petroleum products from Multan Dry Port.
Sources told Customs Today that M/s Hascol Petroleum is the 4th largest oil marketing company in the country in terms of market share and the second largest importer of fuels in the country after Pakistan State Oil (PSO). M/s Hascol Petroleum has started clearance of their imported petroleum products from Multan Customs after establishing their bonded warehouse in the Mehmood Kot for better supply in the South Punjab Region.
It is important to mention here that Multan Dry Port is already handling bulk quantity of import consignments of the High Speed Diesel (HSD) of PARCO.
Swift import clearances of Multan Customs attracted M/s Hascol Petroleum Limited for the clearances of their petroleum products. Timely import clearance facility of the Multan Customs is attracting various importers for the clearance of their import consignments from Multan Dry Port.
M/s Hascol Petroleum has constructed newly bonded Ware House in Mehmood Kot and got the clearance permission of their HSD products from Multan Customs and they have started clearance of petroleum products from 29th March.
Multan Customs has cleared 58.40 million liters in-bonding High Speed Diesel (HSD) and 57.6 million liters ex-bonding cleared from the PARCO pipeline after the end of May.
The clearance of M/s Hascol petroleum products from Multan Customs has boosted the customs collection duty in the month of May.
Multan Customs is also deducting 1 percent warehousing surcharge from them besides customs duty and they have collected Rs3.1 million duty taxes from Hascol Petroleum Company during the month of May.
