ISLAMABAD: The Customs North Region earned Rs1053.63million additional all duties and taxes against the assigned proportional (Two months and 20 days) revenue collection target from the 1st of July to 20th of September Financial Year (FY) 2017-18.
The Federal Board of Revenue has allocated Rs7625.63million collection target to the North Region for 1st Quarter (July to September FY2017-18) under all heads. The North Region comprises Customs Collectorate Islamabad, Peshawar, Samberial and Gilgit-Baltistan (GB).
According to details given by sources of North Region that, during above said period 1st of July to 20th of September FY17-18, the Customs Collectorate of Islamabad collected extra revenue of Rs337.34million of all taxes against the proportional target.
The sources added that the Islamabad Collectorate generated Rs3102.26million as all duties and taxes while it earmarked Rs2764.92million for above said period.
The Customs Collectorate of Peshawar received Rs351.19million extra revenue against the assigned proportional target. The Peshawar collected Rs4215.57million under all the tax heads whereas it assigned Rs3864.38million under the same head for 1st of July to 20th of September FY17-18.
The sources told CT that Samberial Collectorate paid Rs467.77million of rebate refunds to importers during above said two months and 20 days of the first quarter. The sources further told CT that the GB got Rs897.51million as revenue against the proportional revenue target of Rs970.63million of all duties and taxes.