QUETTA: Customs Intelligence and Investigation Quetta successfully conducted the auction of seized urea and sugar realizing Rs233 million, which is 110% of the Reserve Price [RP] i.e. the value of the auction-able goods determined by Customs authorities.
Director General I&I Faiz Ahmed has ordered prompt auction of seized goods particularly edible commodities and urea, as these are perishable goods. The auction of the seized commodities would avoid perishing of these goods, besides these goods would find their way back into the market through a legal channel.
It may be mentioned here that Customs has launched a crackdown against smuggling of edible commodities and urea to neighboring countries, which was causing price fluctuation and shortage of these goods in the country.
A large quantity of sugar, urea and wheat flour has been recovered in the continuing campaign. Director I&I Quetta Nadeem Memon assigned Assistant Director Sohail Sarwar and Inspector Hamid Habib to conduct the auction. Auctioning seized/recovered goods is a complicated business in Quetta, wherein usually there are no bids but a single bid by the owner of the seized goods. It used to be a tradition in Quetta.
However, a successful auction was conducted and goods were disposed of.