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MCC Peshawar generates Rs5174.02m in first quarter by excelling its yesteryear’s collection

MCC Peshawar generates Rs5174.02m in first quarter by excelling its yesteryear’s collection

PESHAWAR: The Modal Customs Collectorate Peshawar collected Rs5174.02million in first three months of the new financial year by surpassing its target against the previous showing difference of 24 percent.

The statistics say that, under the head of custom duty, the customs house generated Rs1923million in the last three months against Rs1593.92million of the previous year, having a difference of Rs329.40million while the difference was 20.67 percent.

Under the head of Sale Tax on Imports, the house received Rs1151.89million compared to Rs943.99million of the previous year 2016 quarter report. The difference in rupees recorded was Rs208.29million whereas the difference was 22.02 percent.

In term of Sales Tax as Federal Excise Duty on palm oil, the house collected Rs593.60million in the first three months of Financial Year 2017 against Rs313.88million of the previous year. The difference noticed was Rs279.72million while the difference recorded was Rs89.12million.

Likewise under the head of Sales Tax’s value addition on commercial importers, the house got Rs162.88million in the last three months against Rs140.36million of the previous quarter of Financial Year 2016. The difference recorded was 16.04 percent while the difference recorded was Rs22.52million.

Similarly in term of Federal Excise Duty on Import, the house generated Rs60.53million against Rs35.05million of the previous financial year’s quarter. The difference recorded was Rs25.8million whereas the deference noticed was 72.70 percent.

Under the head of Withholding Tax, the house received Rs1281.80million against Rs1089million of the previous financial year’s three months’ collection. The difference recorded was 17.68 percent while the difference was Rs192.56million.

The overall performance of the house was much satisfactory compared to the previous year as there is a remarkable gap almost in every segment of collection. If the performance continued with this spirit, the performance of Peshawar will be on the top compared to other stations, which is really an appreciable job.

Soon after the appointment of Collector Gul Rahman as a new head of Peshawar Custom Collectorate, the performance of Peshawar Custom House has significantly improved as he has taken a number of steps to streamline the collection process.