ISLAMABAD: The Model Customs Collectorate (MCC) Islamabad generated extra revenue valued at Rs15.54million during July Financial Year FY2017-18 under the head of Federal Excise Duty (FED) against the corresponding July FY2016-17.
According to details explained by sources of MCC Islamabad that during July FY17-18, the collectorate earned Rs42.27million of FED while the MCC Islamabad did Rs26.73million under the same head during July FY16-17.
Sources said that the proposed target under the head of the FED was allocated with Rs7million for July FY17-18 which was surpassed with the growth of 604%. The sources told CT that the collectorate also surpassed the revenue collection of all duties and taxes during July FY17-18 against the same period of corresponding FY16-17 with the growth of 84%.
The sources further told Customs Today that the collectorate is taking administrative measures to enhance the performance of the collectorate under the head of the FED in upcoming months of current Financial Year 2017-18. The revenue target is not assigned for the first quarter (July to September) FY17-18 but it will be done during the running month of August FY17-18.