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Hyderabad customs earns Rs1375.606m against assigned target of Rs1395.26m

Hyderabad customs earns Rs1375.606m against assigned target of Rs1395.26m

HYDERABAD: The Model Customs Collectorate (MCC) Hyderabad has generated Rs1375.606million customs duty and taxes against the assigned target of Rs1395.26million during the 27 days of April 2017.

The department collected Rs372.960million customs duty, Rs994.548million sales tax, Rs0.750million federal excise duty (Special FED) and Rs7.348million Withholding Tax (WHT) during the abovementioned period.

The MCC Hyderabad received revenue of Rs1375.606million in 27 days of April 2017 and expects to achieve the target during April 2017 by Rs1395.26million customs duty (CD), Rs1.104million sales taxes (ST), Rs3.6million as federal excise duty (FED) and Rs18million as withholding taxes (WHT). So the MCC has fetched Rs1395.26million to the national treasury.

The major tax sources were Hyderabad-Sukkur-Larkana division, Pakistan State Oil, Rema Cooking Oil and Hyderabad Dry Port Region, Crescent Steel Industries, Noriabad and Company, Huffaz Seamless Pipe Industries and state ware house Hyderabad.

Under the supervision of Hyderabad Customs Collector Ikhlaq Ahmed Khattaq, Additional Collector (HQ) Rehmatulah Vistro, Deputy Collector Shahid Ali Abbasi and other officers played an important role in revenue collection. Officials said the anti-smuggling campaign was in full swing in the region following the direction of the Federal Board of Revenue and Collector Ikhlaq Ahmed Khattaq to streamline the national economy.

The ASO also foiled various smuggling attempts and made big seizures including non-duty paid vehicles, different cigarettes, mobile , Iranian diesel HSD and other goods worth million of rupees while revenue is expected to come from the current auction.