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Customs Preventive collects Rs 4,395m duty, taxes in first 15 days of June 2017

Customs Preventive collects Rs 4,395m duty, taxes in first 15 days of June 2017

LAHORE: Collectorate of Customs Preventive Lahore has collected Rs 4,395 million in all duty and taxes during the first 15 days of June 2017.

As per details, the Collectorate of Customs Preventive under the supervision of Collector Chaudhary Zulfiqar collected Rs 1,666 million on account of customs duty (CD) during period under review against the proposed target of Rs 2,016 million.

Similarly, the Collectorate collected Rs 479 million on account of withholding tax (WHT) during the period under review against the assigned target of Rs 372 million.

While on the other hand the Collectorate collected an amount of Rs 2,248 million under the head of sales tax against the assigned target of Rs 2,878 million during the first 15 days June 2017.

Likewise, the Collectoarte collected Rs 1.23 million on account of federal excise duty (FED) during the period under review against Rs 9.80 millions of proposed target for the period.

Overall the Collectorate collected Rs 4,395 million duty and taxes during the first 15 days of the month of June 2017.

It is necessary to mention here that all the Collectorates which are falling under the jurisdiction of Customs Central Region are using all available legal resources to recover outstanding tax amount from defaulters.

Sources said that Chief Collector Customs Central Region Zeba Hai Azhar directed all the relevant Collectorates to adopted comprehensive measures to achieve revenue collection target of Fiscal Year 2016-17. Sources said that due to these measures there are strong chances that all the Collectorates of Customs Central Region will achieve revenue collection target.