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Islamabad Dryport receives marginal Customs Duty during first week of January

Islamabad Dryport receives marginal Customs Duty during first week of January

ISLAMABAD: The Islamabad Dry Port collected Rs4.00million extra Customs Duty against an assigned revenue collection target for first week of January Financial Year 2017-18.

According to details explained by Tahir Khattak, Deputy Collector Islamabad Dry Port (IDP) while talking with Customs Today that, during above said period, the IDP was allocated a proportional revenue target of Rs64.74million as CD while it received a surplus revenue collection of Rs68.09million against an earmarked target under the same head during the same period of FY17-18.
He told CT that the IDP showed 105% average of achievement against an earmarked revenue target for first week of January FY17-18 while it proved 20.36% average of growth during first week against an assigned revenue collection target for the month. The IDP has been assigned Rs334.49million revenue collection target for the month of January FY17-18 under the head of CD.
The Deputy Collector told the correspondent that the IDP is evolving a strategy to meet the revenue targets of January and 3rd Quarter (January to March) FY17-18. He said the IDP earned Rs985.212million surplur revenue against an earmarked revenue target for first fix months (January to December) FY17-18. He further said the IDP also surpassed the target of the same corresponding period of FY16-17 with an extra amount of Rs994.35million.
During first six month of FY17-18, the IDP got Rs1276million of CD against an earmarked target of Rs303million. The IDP earned Rs244.321million during the month of November FY17-18 while it was allocated a target of Rs277.19million.
He told CT that the popular imports during first week of January FY17-18 were of foreign origin fabrics and old and new spare-parts. The IDP has also been focussing on proper examination and valuation and will maintain them during the coming months.