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Customs Islamabad generates Rs4416m surplus income from July to March 10, FY17-18

Customs Islamabad generates Rs4416m surplus income from July to March 10, FY17-18

ISLAMABAD: The MCC Islamabad earned an extra revenue of Rs4416million from July to 10th of March FY2017-18 against an assigned revenue collection target under all the heads.

According to details given by Zulifkar Ali Chaudhry, Collector Model Customs Collectorate (MCC) Islamabad, that the collectorate received Rs15072.91million under all the heads against an allocated revenue target of Rs10656.75million. He was added that the collectorate achieved 141.44% growth against an earmarked revenue target under all the heads while it showed 97% revenue performance against an assigned revenue target under the same heads for the entire FY17-18. He further said that the collectorate has been assigned revenue collection target of Rs15559.23million under all the heads for FY17-18.
The Collector MCC Islamabad told CT that, during above said period, the collectorate earned Rs5139.40million of Customs Duty (CD) against an allocated revenue collection target of Rs4468.79million. He added that the collectorate gained 115.01% revenue against an earmarked target of CD for first eight months and 10 days of March FY17-18. The collectorate showed 75% achievement against an assigned annual revenue collection target as CD. It was told that the MCC Islamabad has been set Rs6845.85million of revenue collection target for FY17-18.
The collector told CT that, during July to 10th of March FY17-18, the MCC Islamabad generated Rs7094.71million of Sales Tax (ST) against an earmarked revenue target of Rs3689.74million while the MCC Islamabad exhibited 192% increase against an assigned revenue collection target.
The collector informed the correspondent that, during above said period, the MCC Islamabad received Rs396.56million as Federal Excise Duty (FED) against an allocated revenue collection target of Rs419.97million while MCC Islamabad collected Rs2442.24million of Income Tax (IT) against an earmarked revenue collection target of Rs2078.2million during July to 10th of March FY17-18.