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Hazara Customs Stations remains surplus in FY2016-17 by earning Rs868.28m revenue

Hazara Customs Stations remains surplus in FY2016-17 by earning Rs868.28m revenue

PESHAWAR: The Hazara Customs Station has exceeded the collection during previous Financial Year 2016-17 by generating a large amount of Rs868.28million revenue.

The Hazara Customs Station received Rs190.76million more revenue than it did in FY2015-2016 which was Rs677.52million.

Additional Deputy Collector at Customs House Peshawar told Customs Today on Wednesday that the collections at various customs stations such as Hazara, Kohat and Gadoon have showed profit in the last FY2016-2017.

The revenue collection of Hazara Customs Station will increase in the FY2017-2018 as shown by the increase in the collection of current FY figures.

The Hazara Customs Station has received Rs283.16million as CD in which it has done duty of Rs22.07million by impounding miscellaneous goods.

In the same way, Rs1.17million was earned as ST while a sum of Rs397.06million was generated as Sales Tax on VM Palm oil. The customs station got Rs158.34million as total AIT on products.

Similarly, the Hazara Customs Station received a duty of Rs28.55million by getting Federal Excise Duty on items in the above said period.

The Hazara Customs Station generated Rs0.75million of Ware House surcharge and RsI.49million as RD on imports. So far the collections made by Hazara Customs stations have been lauded and after a full operation of China Pakistan Economic Corridor, revenue collection area of Hazara Customs Station will expand due to increase of traffic from China via Gilgit-Baltistan.