Saturday , May 26 2018
Breaking News
Home / Illustrations / Islamabad Customs earns Rs112m more revenue than allocated target during two weeks
Islamabad Customs earns Rs112m more revenue than allocated target during two weeks

Islamabad Customs earns Rs112m more revenue than allocated target during two weeks

ISLAMABAD: The Model Customs Collectorate (MCC) Islamabad surpassed an earmarked proportional revenue collection target under all the heads with an extra amount of Rs112million during first two weeks of April FY17-18.

According to details given by Ishfaque Khan, Additional Deputy Collector, Model Customs Collectorate Islamabad that, during above said duration, the Collectorate of Islamabad demonstrated a satisfactory performance. He notified CT that the MCC Islamabad earned Rs624.96million against an assigned proportional revenue target of Rs512million under all heads. The collectorate achieved 22% revenue during said period against the allocated proportional revenue target.
Ishfaque said that, during first two weeks of April FY17-18, the MCC generated Rs173.42million of Customs Duty (CD) against an earmarked proportional revenue collection target of Rs247.18million while it did Rs292.05million as Sales Tax (ST) against an assigned revenue collection target of Rs161.95million.
The Additional Collector MCC Islamabad told the correspondent that, during first two weeks of the current month, the collectorate earned Rs127.03million under the head of Income Tax against an allocated revenue collection target of Rs95.31million whereas the Customs Collectorate Islamabad collected Rs32.47million as Federal Excise Duty (FED) against an assigned revenue collection target of Rs7.79million.
He said that the MCC Islamabad displayed -30% achievement of CD, 80% as ST, 33% under the head of IT and obtained 317% growth of FED against an earmarked proportional revenue collection target for first two weeks of April FY17-18.
The collectorate was assigned Rs1281.83million of revenue collection target for the entire month of April FY17-18 under all heads. The revenue performance is smoothly going on and the collectorate is expected to chase its allocated revenue target for the month of April FY17-18.