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Customs Peshawar displays excellent potential thru more collection than target

Customs Peshawar displays excellent potential thru more collection than target

PESHAWAR: The Model Customs Collectorate Peshawar (MCC) for the month of December 2017 has showed outstanding collection of duties and taxes against an assigned target, stated by Collector Customs at Customs House Peshawar Gull Rahman in a talk with Customs Today on Monday.

Collector Customs said the MCC Peshawar has collected Customs Duty of Rs919.48million against the target of Rs704.21million exceeding the target by 30.57%.

The MCC Peshawar has made Rs215.27million more collection of Customs Duty in the month of December against the target of CD collection for the given month.

In the same way under the head of all duty/taxes, collection for the month of December 2017 is Rs2110.84million against the target of Rs1719.77million, thus exceeding the target by 22.74%.

The collection of Customs Duty from July 2017 to December 2017 is Rs4605.74million against the target of Rs4090.46million which is 12.60% in excess of target.

All duties/taxes collection from July 2017 to December 2017 is Rs11548.67million against the target of Rs9956.27million which is 15.99% in excess of target.

The MCC Peshawar has collected Rs811.25million as Sales Tax against Rs615.26million against an assigned target of collection for the month of December 2017-18. The Peshawar Customs Collectorate has collected Rs196.19million more Sales Tax with 31.89% difference with respect to previous collection.

The MCC Peshawar has generated Rs959.55million net Sales Tax from July to December with 29.66 % growth.

In the same way, MCC Peshawar showed Rs19.26million collection of Federal Excise Duty against Rs20.78million allocated target with 1.53% difference for the month of December FY 2017-18. The MCC Peshawar has demonstrated Rs116.43 million of net collection under the head of FED from July to December 2017.

The MCC Peshawar has displayed Rs360.66million of collection of Withholding Tax against Rs379.53million earmarked target in December 2017 with Rs18.86million shortfall in the revenue collection of AIT. The Collectorate of Peshawar Customs showed Rs2631.53million collection of Withholding Tax from July to December 2017 against Rs2538.68million assigned target of collection of AIT. The MCC Peshawar has posted Rs92.87million of extra collection of revenue with 3.66 percent of difference rate.

The Collector Customs added that the Peshawar Customs has been regularly showing booster in the revenue collection and it is hoped that it will further move towards extra collection according to its capacity and assessment.

The Collector Customs lauded the Anti-Smuggling Unit of Customs House Peshawar for doing a good job of impounding NDP items and vehicles.

The Collector Customs further said that, with such progress, the Collectorate of Peshawar will surpass its broad revenue collection target by the end of current FY2017-18.