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Appraisement-East collects Rs 17.63b against target of Rs 18.05b

Appraisement-East collects Rs 17.63b against target of Rs 18.05b

KARACHI: The Model Customs Collectorate-MCC of Appraisement (East) has collected an overall revenue of Rs Rs 17.63 billion in November,2014 against the set target of Rs 18.05 billion with a slight shortfall of Rs 416.06million in share of different heads including Customs Duty (CD), Sales Tax (ST), Federal Excise Duty (FED) and Withholding Tax (WHT).

The MCC-Appraisement (East) collected overall revenue of Rs 17.63 billion in November against its target of Rs 18,05 billion with a slight shortfall of Rs 416.06million in term of its set revenue target. As per the revenue statistics, the MCC-Appraisement (East) collected Rs4938.12million in share of Customs Duty against its target of Rs 4.78 billion with an increase of Rs 150.90 million.

The MCC-Appraisement (East) collected revenue of Rs 9.6 billion in share of Sales Tax against its set target of Rs 10.22 billion with a shortfall of Rs 555.08 million. Similarly, the MCC-Appraisement (East) collected revenue of Rs 109.85 million in share of FED in the month of Nov against its set target of Rs 64.27 million with a major increase of Rs 45.58 million.

The MCC-Appraisement (East) collected revenue of Rs 2.91 billion in share of Withholding Tax (WHT) in the month of Nov-2014 against its set target of Rs 2.94 billion with a shortfall of Rs 57.42 million.

The Collector of MCC-Appraisement (East) Najeeb-ur-Rehman Abbasi has asked the authorities concerned of the Collectorate to ensure arrangements in order to attain revenue target by the end of third quarters of the fiscal year2014-15.