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Customs Islamabad faces a deficit of Rs52.62m of Customs Duty in 15 days

Customs Islamabad faces a deficit of Rs52.62m of Customs Duty in 15 days

ISLAMABAD: The Model Customs Collectorate (MCC) Islamabad showed a shortfall of Rs52.62million against an assigned proportional revenue collection target of Customs Duty (CD) for the first half of March FY17-18.

According to details explained by the sources of Model Customs Collectorate (MCC) Islamabad that, during above said period, the MCC Islamabad generated Rs234.16million as Customs Duty (CD) against an allocated proportional (March 1st to 15th) revenue collection target in amount of Rs286.78million.
The sources told CT that MCC Islamabad received -18% of deficit of revenue collection under the head of CD against an earmarked revenue collection target. It was added that the MCC Islamabad received Rs234.28million of CD during the same corresponding period.
The sources notified the correspondent that MCC Islamabad has allocated Rs592.67million for the entire month of March FY17-18. It was said that the collectorate has to earn Rs358.51million during the coming 15 days of March FY17-18.
It was informed that even as collectorate faced a shortfall during first 15 days of current half month while it showed outstanding performance during first eight months (July to February) FY17-18. The collectorate posted 45% increase under the head of Customs Duty (CD) during said period against the same previous period. The collectorate proved 28% growth against an assigned revenue collection target for the first eight months of current FY17-18 under the same head.