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Wasif Memon’s Customs North Region surpasses revenue collection target of 1H

Wasif Memon’s Customs North Region surpasses revenue collection target of 1H

ISLAMABAD: The Customs North Region earned extra revenue of Rs198 million under all heads of duty and taxes against allocated revenue collection target of Rs24525 million for the first half of Fiscal Year 2018-19.

Sources told Customs Today that Customs North Region comprising (Islamabad, Peshawar, Sialkot and Gilgit Baltistan) showed outstanding performance under the supervision of Chief Collector North Wasif Ali Memon. During the above-said period, the North Region assigned Rs24525 million under all heads for the period of July to December, Fiscal Year 2018-19 while Customs North Region fetched Rs24724 million against the assigned target.

Customs North earned Rs5.72 million additional revenue under the head of customs duty (CD) during July to December FY18-19 against the same period of corresponding FY17-18 whereas the Customs North fetched Rs395.87 million extra revenue under head of sales tax (ST) against assigned target for current first half (July to December) FY18-19.

The sources informed that during first half of FY18-19, the North region earned Rs62.14 million extra revenue under head of Federal Excise Duty (FED) while it received Rs265 million extra revenue under head of Income Tax (IT) against assigned revenue collection target.

The sources told that Wasif Ali Memon appreciated all the Customs Collectorates working under jurisdiction of Customs North region to show wonderful performance to surpass assigned revenue target for first half of FY18-19.