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Customs receives Rs122.60m customs duty during first 10 days of May

Customs receives Rs122.60m customs duty during first 10 days of May

ISLAMABAD:  The Customs Collectorate received Rs.122.60 million revenue under the head of customs duty (CD) during first 10 days of May 2018.

According to details told by sources of MCC, during above-said period the customs collectorate received Rs.99 million under head of CD against assigned proportional revenue collection target of Rs221 million. The sources told that Collectorate earned less revenue of Rs49 million against first 10 days of corresponding period of last FY16-17.

It was told that Collectorate showed -45% revenue performance under head of CD during first 10 days of May 2018 while it showed -29% revenue performance against revenue collection during corresponding period of last FY16-17.

The sources told that the MCC was assigned Rs5086.75 million revenue target under the head of customs duty but the MCC collected Rs.6048.79 million having 119% revenue performance against assigned revenue collection target. Sources added that MCC Islamabad geared up its efforts to show better performance under head of CD during month of May 2018.

The Collectorate has been assigned Rs.685.38 million revenue target for the month of May 2018 which is very huge revenue collection target as compared to the same month of last FY16-17.