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Industrial raw material import increases through Multan Dry Port: Ali Malik

Industrial raw material import increases through Multan Dry Port: Ali Malik

MULTAN: Multan Dry Port Deputy Collector Muhammad Ali Malik said that the port authorities have been trying to facilitate the importers with its best available resources to clear the consignments on same day.
He said that the industrial raw material import has also been increasing day by day through port due to early clearance of consignment.
Multan Dry port has also collected revenue of Rs169.928 million during the month of July, which includes Rs168.158 million collected through import duty on goods, Rs0.167 million regulatory duties, Rs0.320 million warehouse surcharges and Rs1.284 million collected through other means.
Moreover, total sale tax on import collected by the port authorities has been Rs1630 .793 million during July 2014. The total import value becomes Rs9383.082 million which also includes additional sales tax of Rs0.500 million, Federal excise duty on import Rs17.374 million, special excise duty on import Rs1.00 million making a total excise duty collection of Rs18.374 million.
However, total collected import value also includes different taxes like advance income tax of Rs33.542 million , petroleum levy Rs887.319 million and tax on oil Rs0.054 million.