Business News

pakistan customs

Pakistan Customs impounds non-duty paid vehicles worth Rs11.3 billion

ISLAMABAD: Pakistan Customs has impounded non-duty paid motor vehicles worth Rs11.3 billion during first seven months (July – January) of the current fiscal year, said a spokesman of the Federal Board of Revenue (FBR) on Sunday.

The seizure of non-duty paid motor vehicles registered growth around 66 percent as the customs authorities seized motor vehicles worth Rs6.8 billion in the same period of the last fiscal year.

The customs authorities confiscated smuggled goods worth Rs35 billion during the first seven months of the current fiscal year, showing an increase of 59 percent when compared with Rs22 billion in the corresponding months of the last fiscal year. It is pertinent to mention that the total seizures during the last fiscal year was Rs36 billion.

Giving the details of the seizure, the spokesman said that the customs authorities seized smuggled betel nuts amounting Rs3.4 billion during July – January 2020/2021, which was 105 percent higher than the seizer of in the same period of the last fiscal year.

A growth of 28 percent has been recorded in seizure of smuggled clothes and 70 percent rise recorded in illicit cigarettes.

The customs authorities confiscated auto parts worth Rs492 million, recording 113 percent growth than the last fiscal year.

Pakistan Customs seized high speed diesel worth Rs899 million and jewellery worth Rs271 million during the period under review.

The spokesman added that in its ongoing crackdown against sales of smuggled petroleum products through illegal fuel stations, the customs authorities sealed around 2000 petrol pumps.