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Multan Customs collects Rs2115.577m as Petroleum Development Levy in June

Multan Customs collects Rs2115.577m as Petroleum Development Levy in June

MULTAN: Collectorate of Customs collected Rs2115.577 million under the head of Petroleum Development Levy (PDL) during the month of June.

According to details, Multan Customs collected petroleum development levy from oil marketing companies on the clearance of ex-bonding of high speed diesel (HSD) shipments from Multan Dry Port. The Collectorate collected all taxes from oil marketing companies including customs duty, sales tax, federal excise duty (FED), income tax, additional sales tax, petroleum development levy from oil marketing companies at the time of ex-bonding clearance.

The Collectorate received almost 97 percent of its revenue collection through the clearance of High Speed Diesel and other petroleum products from the PARCO oil refinery Mahmood Kot.

Multan Customs made collection of Rs2115.577 million from the oil marketing companies in wake of Petroleum Development Levy during June 2019. The Collectorate was able to collect Rs722.394 million during the corresponding period of June 2018.

Multan Customs has witnessed huge surge in the collection of Petroleum Development Levy due to increase in the proportionate taxes in the HSD products in the fiscal year 2018-19.