Sunday , August 18 2019
Breaking News
Home / Breaking News / Appraisement-East collects Rs 10.5 billion revenue in 20 days
Appraisement-East collects Rs 10.5 billion revenue in 20 days

Appraisement-East collects Rs 10.5 billion revenue in 20 days

KARACHI: Model Customs Collectorate of Appraisement-East collected Rs 10,599.66 million revenue during the first 20 days of October.

MCC Appraisement-E collected Rs 2,893.75 million under the head of customs duty; Rs 5,754.41 million under the head of sales tax; Rs 1,847.544 million in withholding tax and Rs 33.96 million under the head of federal excise duty. The Collectorate achieved 60.26 percent of the customs duty target; 55 percent of the Sales Tax target and 56 percent of the Withholding Tax target.
The total revenue collected by the Collectorate from July 1 to September 20 this year adds up to Rs 63,683 million: Rs 13,465 million in July; Rs 19,245 million in August; Rs 20,444 million in September and Rs 10,529.66 million during the first 20 days of October.
It may be mentioned here that the overall revenue target for the Collectorate has been set at Rs 18,873.41 million for October while Rs 10,529.66 million is collected showing that just over 56 percent of the target has been met during these 20 days.

This also means that 45 percent of the target has to be met during the 10 remaining days of the month. Talking to Customs Today, highly- placed sources within the Collectorate attributed the comparatively slower revenue recovery on the three official Eid-ul-Azha holidays that extended for almost a whole week. The sources, however, were optimist that the overall revenue collection target for this month would be met at month’s end.