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Customs Appraisement to auction M/s Alshmshare Engineering property on March 28

Customs Appraisement to auction M/s Alshmshare Engineering property on March 28

LAHORE: Collectorate of Customs Appraisement has announced to conduct auction of M/s Alshmshare Engineering property located at Din Road Industrial Area Badami Bagh on March 28 at 11 a.m.

Sources told Customs Today that total market value of the property is over Rs150 million.

Sources further told that property is being auctioned as the owners of the property have failed to pay their outstanding dues to the Collectorate of Customs Appraisement despite repeated intimations, the Collectorate claimed.

The auction will be held on March 28 at 11 am at the National Logistics Cell  Dry Port at Thokar Niaz Baigh.

It is necessary to mention here that Collector Appraisement Amjadur Rehman directed all relevant staff to enhance efforts to generate revenue from all defaulters on priority basis. These auctions will help the Collectorate to meet the assigned revenue collection target assigned for current Fiscal Year 2019-20.