Monday , April 23 2018
Breaking News
Home / Interviews / Customs Islamabad profits Rs5764m from all taxes during nine months
Customs Islamabad profits Rs5764m from all taxes during nine months

Customs Islamabad profits Rs5764m from all taxes during nine months

ISLAMABAD: The Model Customs Collectorate (MCC) Islamabad demonstrated 54% revenue achievement against an allocated revenue collection target under all the heads during first three quarters of FY17-18. It showed 65% growth against an identical corresponding period of FY16-17. The ASO Islamabad launched a crackdown on tax evaders and notorious elements within its jurisdiction.

This was stated by Muhammad Ishfaque Khan, Additional Collector, MCC Islamabad, while talking exclusively to Customs Today.

He said that, with the collective efforts of officers and staff of the MCC Islamabad, the Customs Collectorate Islamabad displayed an outstanding performance by earning surplus revenue of Rs16420million under all the heads during first nine months of FY17-18 against an assigned target of Rs10656million. So the net profit received is Rs5764million. He added that the Anti-Smuggling Organization (ASO) is also working efficiently and showed magnificent performance by impounding smuggled goods, offending vehicles (Vehicles used for carrying smuggled goods) and Non-Duty-Paid (NDP) vehicles worth Rs506million which is not a usual performance.

Telling about the revenue details under all the heads, he narrated that the collectorate posted 25% increase during first nine months of FY17-18 against an earmarked revenue target under the head of CD while it showed 41% hike against the same previous FY16-17 under the identical head. He further said that the MCC earned Rs5584million during first nine months of FY17-18 against an assigned revenue collection target of Rs4468million. The collectorate received Rs3960million of CD during the same corresponding duration.
He informed CT that the MCC Islamabad showed 107% increase against an allocated target under the head of Sales Tax (ST) for nine months of FY17-18 while it demonstrated 108% growth under identical head against a revenue collection during the same corresponding duration of FY16-17. The collectorate generated Rs7619million as ST during first nine months while it was earmarked a revenue target of Rs3689million. The MCC Islamabad collected Rs3658million under the identical head during the same previous period.
Muhammad Ishfaque told the correspondent that the collectorate displayed 29% revenue performance against an assigned revenue target for first nine months of FY17-18 of Income Tax (IT) while it demonstrated 38% hike against a revenue collection during the same previous period under the same head. The collectorate earned Rs2684million as IT during first nine months of FY17-18 against an assigned revenue collection target of Rs2078million. The MCC Islamabad generated Rs1944million under the identical head during the identical corresponding duration of FY16-17.
The Additional Collector MCC Islamabad enlightened that the collectorate showed 27% growth against a set revenue collection target of Federal Excise Duty (FED) for July to March FY17-18 while it displayed 38% increase against the same previous period. He notified CT that the MCC collected Rs531.90million as FED during first three quarters of FY17-18 against an earmarked revenue collection target of Rs419.97million. The collectorate got Rs385million revenue under the head of FED during the identical corresponding duration of FY16-17.