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Multan Customs collects Rs1047.635m as Petroleum Development Levy

Multan Customs collects Rs1047.635m as Petroleum Development Levy

MULTAN: Collectorate of Customs collected Rs1047.635 million under the head of petroleum development levy (PDL) during the month of November 2018-19.

Sources told Customs Today that 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.

Petroleum development levy is levied by the federal government on the oil marketing companies for clearance of high speed diesel and Multan Customs collected petroleum development levy on the clearance of high speed diesel.

Multan Customs collected petroleum development levy of Rs1047.635 million from clearance of high speed diesel in November. The Multan Customs earned Rs4744.291 million under the head of petroleum development levy during the first five months of the fiscal year 2018-19.

The Collectorate has observed a minor boost in the collection of petroleum development levy during the fifth month of the current fiscal year.

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 located in the area of Mehmood Kot.

However, Multan Customs collected all taxes from oil marketing companies including customs duty, sales taxes, federal excise duty, income tax, additional sales tax and petroleum development levy from oil marketing companies at the time of ex-bonding clearance from Multan Dry Port.