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Margallah Dryport earns Rs36m of surplus Customs Duty during 15 days of January

Margallah Dryport earns Rs36m of surplus Customs Duty during 15 days of January

ISLAMABAD: The Margallah Dryport Islamabad collected Rs36million of extra revenue of CD during first half of January 2017-18.

According to details explained by Dr. Tahir Iqbal Khattak, Deputy Collector Margallah Dryport Islamabad, (MDPI) that, during first 15 days of January FY17-18, the port received Rs198.51million as Customs Duty (CD) against an allocated proportional revenue collection target. During said period, the MDPI showed 123% average of achievement during 1st to 15th of January FY2017-18.
During first half of the corresponding January 16-17, the MDPI generated Rs183.76million of CD. Tahir added that the MDPI earned an extra revenue of Rs14.73million. Deputy Collector said the MDPI has been earmarked a revenue collection target for the month of January in value of Rs334.49million under the head of CD while MDPI posted 59.35% average of growth by revenue collection of a half-month of January FY17-18 against the monthly revenue target.
Deputy Collector told CT that the IDP got Rs985.212million an extra revenue against an assigned revenue target for first six months of FY17-18. The IDP also surpassed the target of the same previous period of FY16-17 with an extra amount of Rs994.35million under the head of CD.
During first six months of FY17-18, the IDP collected Rs1276million of CD against an earmarked target of Rs303million. The IDP generated Rs244.321million revenue during the month of November FY17-18 while it was allocated a target of Rs277.19million.
The popular imports during first 02 Q were seen as foreign origin fabric, old and new spare parts. He said the IDP has been focusing on the proper examination and valuations throughout the half quarter of current Financial Year 2017-18 and will maintain them during the coming months also.
Tahir Khattak told CT that, under the leadership of Dr. Saeen Khan Jadoon, Collector Model Customs Collectorate Islamabad, the IDP is working up to the standard and providing full facilitation to the business community.