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Gilgit-Baltistan Customs stands surplus by collecting all duties & taxes during 11 days

Gilgit-Baltistan Customs stands surplus by collecting all duties & taxes during 11 days

GILGIT-BALTISTAN: The Model Customs Collectorate (MCC) Gilgit-Baltistan (GB) received extra all duties and taxes of Rs15.87million during initial 11 days of August Financial Year (FY) 2017-18 against the same period of August Financial Year 16-17. The GB generated Rs143.28million under all heads during 1st to 11th August FY17-18 whereas it did Rs127.41million under all heads during the same period during previous August FY16-17.

According to details given by sources of GB that the performance of GB during above said period stayed satisfactory under all heads except Customs Duty against the corresponding August FY16-17. The sources told CT that, during initial 11 days of August FY17-18, the MCC GB earned Rs47.13million as Customs Duty (CD) while it did Rs64.81million of CD during initial 11 days of yesteryear’s August FY16-17.
The sources said the GB collected Rs25.21million of With Holding Tax (WHT) during August FY17-18 whereas it did Rs18.89million as WHT during the same period of previous year’s August FY16-17.
The sources further told CT that, during 1st to 15th August FY17-18, the GB received Rs70.94million of Sales Tax (ST) while it did Rs43.71million under the same head during corresponding August FY16-17.