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Customs Appraisement earns Rs3.3billion revenue than allocated target of Rs3.2b in June

Customs Appraisement earns Rs3.3billion revenue than allocated target of Rs3.2b in June

LAHORE: The Regional Customs Collectorate has collected Rs1.04billion of Customs Duty against the assigned target of Rs1.03billion in June 2017 whereas overall revenue of Rs3.3billion regarding all duty and taxes has been generated against the target of Rs3.2billion in the same month.

Collector Preventive Lahore Dr Zulfiqar Ali Chaudhry has congratulated all the officers of the preventive collectorate on this remarkable achievement. He said the Customs Appraisement Lahore received customs duty of Rs28.4billion for the fiscal year ended June 30, 2017, which is higher than the collection of the last fiscal year.

In June 2017 alone, Customs Appraisement Lahore collected revenue of Rs3.3billion surpassing the target assigned by the Federal Board of Revenue (FBR). The Collectorate of Customs (Appraisement) also achieved its monthly revenue target in 2017. The collectorate had also met its revenue target in the previous months and this consistent increase in revenue was made possible only because of the initiatives taken by the department to optimize the revenue collection.

The collection also increases with a decrease in the cost of doing business at the dry ports of Lahore. The cost was reduced through streamlining of clearance procedures and restructuring of various Sections and branches of the collectorate, officials said. They observed that a quantum jump in customs duty collection during May 2017 was a clear indication of the fact that the business-friendly measures aimed at trade facilitation are delivering.