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Customs Preventive collects Rs 1,459m duty, taxes in 20 days

Customs Preventive collects Rs 1,459m duty, taxes in 20 days

LAHORE: Collectorate of Customs Preventive has collected Rs 1,459 million all duty and taxes during the first 20 days of September the financial year 2017-18.

As per details, the Collectorate of Preventive collected Rs 411 million customs duty during the period under review against the proposed target of Rs 381 million. The Collectorate collected Rs 720 million on account of sales taxes during the period under review against the target of Rs 517 million.

On the other hand, the Collectorate of Preventive collected Rs 326 million on account of withholding tax against the set target of Rs 349 million for the first 20 days.

Likewise the Collectoarte collected Rs0.64 million on account of federal excise duty (FED) during the twenty days of the said period against Rs8.50 million proposed target for the period.

Overall the Collectoarte of Customs collected Rs 1,459 million duty and taxes during period under review.

It is necessary to mention here that Collector Customs Preventive Faiz  Ahmed directed to use all available legal resources to recover outstanding tax amount from defaulters. Sources said that due to comprehensive strategy adopted by Customs Collectorate, a marginal increase is being witnessed in the collection of outstanding dues.