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Multan Customs collects Rs3537.597m during November

Multan Customs collects Rs3537.597m during November

MULTAN: Collectorate of Customs collected Rs.3537.597 million during the month of November of the Fiscal Year 2018-19.

According to the details, the Collectorate was assigned Rs3789 million revenue collection target from the Federal Board of Revenue for the month of November and it collected Rs3537.597 million against the set target.

Multan Customs collected revenue under the heads of customs duty, sales tax, income tax,  and federal excise duty (FED) during the above-said period. It collected Rs 1689.988 million against the assigned revenue task of Rs 1311 million under the head of customs duty during November. The Collectorate posted 29 % growth in the collection of customs duty by collecting Rs378.988 million in November. The Collectorate had collected Rs1064.837 million under the head of customs duty during the corresponding period of the economic year 2018-19.

Multan Customs has made a collection of Rs 1805.057 million in wake of sales tax against the set target of Rs1805.057 million during November 2018. The Collectorate achieved almost 48.01% target of sales tax collection during November.

It collected Rs17.477 million against the assigned task of federal excise duty (FED) during the month of November 2018. The Collectorate collected 49% revenue during November 2018. On the other hand, it collected Rs30.820 million in wake of federal excise duty during the corresponding period of November 2017-18.

The Collectorate of Customs collected Rs23.004 million against the assigned revenue task of Rs24 million in wake of income tax during November. It accomplished almost 96% revenue task of income tax during November. The Collectorate had collected Rs21.837 million during the corresponding fiscal year 2017-18.

Multan Customs has collected additional sales taxes of Rs.3.074 million for the duration of November 2018. However, Multan Customs had collected Rs3537.597 million overall revenue due to an effective strategy of the Collectorate and collected almost 93% revenue task during November.