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Multan Customs collects Rs1469.409m as PDL in March

Multan Customs collects Rs1469.409m as PDL in March

MULTAN: Collectorate of Customs collected Rs1469.409 million under the head of Petroleum Development Levy (PDL) during the month of March.

According to the details, Multan Customs collected Petroleum Development Levy from oil marketing companies on the clearance of ex-bonding of High Speed Diesel from Multan Dry Port. The Petroleum Development Levy is dutiable on petroleum products according to their proportionate PDL rate imposed by the Oil and Gas Regulatory Authority Ordinance (OGRA).

The Collectorate deposited Petroleum Development Levy into the account of the Ministry of Oil and Gas Regulatory Authority after deduction of their import duties and necessary taxes. The Collectorate received 98 percent of its revenue collection through the clearance of High Speed Diesel and other petroleum products from the PARCO oil refinery located in the Mahmood Kot near Muzaffargarh.

The Collectorate collected all taxes from oil marketing companies including customs duty, sales tax, federal excise duty (FED), income tax (IT), additional sales taxes, petroleum development levy from oil marketing companies at the time of ex-bonding clearance from Multan Dry Port.

Multan Customs collected Rs1469.409 million from the petroleum development levy during the March of current financial year 2018-19.The Collectorate has observed a slight decline in the collection of Petroleum Development Levy in March due to less import clearances through Multan Dry Port. Multan Customs has made collection of Rs12029.371 million Petroleum Development Levy during the nine months of the ongoing fiscal year 2018-19.