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Hyderabad Customs House lags Rs151m revenue behind target during 29 days of August

Hyderabad Customs House lags Rs151m revenue behind target during 29 days of August

HYDERABAD: The Customs House Hyderabad has generated Rs891.370million of Customs Duty & Taxes against Rs1042.080million target during 29 days of current month by August 29, 2017-18. So the Customs House has fallen short of Rs151million revenue.

The department collected Rs176.638million as Customs Duty, Rs693.949million of Sales Tax, Rs2.500million as Federal Excise Duty (Special FED) and Rs18.283million of With Holding Tax (WHT) during the abovementioned period.

The MCC Hyderabad received Rs891.370million of revenue during 29 days of August FY2017-18 and expects to achieve Rs419.720million as Customs Duty (CD), Rs597.980million of Sales Taxes (ST), Rs1.490million of Federal Excise Duty (FED) and Rs22.890million as With Holding Tax (WHT).

The major tax sources include unit of Sukkur (OMC & Rima cooking oil) SWH, Sukkur Directorate Sukkur Dry Port, Hyderabad Bonded Ware House, State Ware House, Export Hyderabad and KPR (Zero Point) Huffaz Seamless Pipe Industries, Crescent Steel, Omni Polymer Industries and Pakistan State Oil.

The Model Customs Collectorate Hyderabad, Anti-Smuggling Organization (ASO), also impounded Non-Duty-Paid vehicles including four oil tankers filled with170,000 liter of smuggling Iranian High Speed Diesel (HSD), foreign origin Non-Duty-Paid cigarettes of different brands including Pine Light of Korea, Reds Virgin of England, foreign origin cloths and other contraband items.

The computer sets, CPUs of Dell, hard discs, different GB DVDs, laptops and other items worth million of rupees were also seized during three months of June/July/August 2017-18.

Under the supervision of Hyderabad Customs Collector Akhlaq Ahmad Khattaq, Amir Nawaz Hamid, Deputy Collector Dry Port Zam Zam Aman, Principal Appraiser Mashuq Ali Panhwar, Appraiser Ashir and Superintendent Statistical Revenue played an important role in the revenue collection, officials said.

It is necessary to mention here that the Customs House Hyderabad is using all available resources to recover the outstanding dues from tax defaulters and also taking necessary steps to generate more revenue to meet the collection targets set for FY2017/18.

The ASO also aborted various smuggling attempts and made big seizures including non-duty-paid vehicles, different cigarettes, Iranian high speed diesel and other items worth millions of rupees while revenue is expected to come from the current auction.