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FBR assigns revenue collection target of Rs5697m to Islamabad Customs for 2Q

FBR assigns revenue collection target of Rs5697m to Islamabad Customs for 2Q

ISLAMABAD: Federal Board of Revenue (FBR) assigned revenue collection target of Rs5697 million for 2nd quarter of Fiscal Year 2018-19 under all heads of duty & taxes to Islamabad Collectorate of Customs.

Collector Zulfiqar Ali Chaudhry told Customs Today that the Collectorate will use all available resources to achieve the assigned revenue target for 2nd quarter (October to December) FY18-19. He said that the Collectorate will adopt comprehensive strategy to meet the target.

Collector Zulfiqar said that the Collectorate was assigned Rs1952 million target under all heads for the month of October FY2018-19 which includes Rs699 million under head of customs duty (CD), Rs892 million under head of sales tax (ST), Rs6 million under head of federal excise duty (FED) and Rs355 million under head of withholding tax (WHT).

For the month of November, the Collectorate assigned target of Rs1751 million under head of all taxes for month of November FY18-19 along with Rs633 million under head of customs duty (CD), Rs759 million under head of sales tax (ST), Rs12 million under head of federal excise duty (FED) and Rs347 million under head of withholding tax (WHT).

Collector Zulafqar Ali said that FBR allocated Rs2094 million revenue collection target for month of December FY2018-19 which also includes Rs.807 million customs duty, Rs801 million sales tax, Rs6 million FED and Rs.480 million WHT.

He said that under the supervision of Member Customs Zahid Kokhar and Chief Collector North Jawad Awais Agha, the Collectorate surpassed its assigned revenue collection target for 1st quarter under all heads with additional collection during month of September FY18-19.