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Multan Customs collects Rs3672.872m during December

Multan Customs collects Rs3672.872m during December

MULTAN: Collectorate of Customs has made revenue collection of Rs3672.872 million throughout the month of December 2018.

According to the details, the Collectorate has collected customs duty of Rs1828.50 million by surpassing the assigned revenue target of Rs1235 million in the month of December of fiscal year 2018-19. Multan Customs posted 48% growth by collecting Rs593.5 million excess revenue under the head of customs duty during December 2018 while the Collectorate has collected customs duty of Rs744.616 million in the corresponding period of the fiscal year 2017-18.

The Collectorate collected Rs1766.321 million sales taxes against the set task of Rs3374 million during the period of December. The Collectorate has achieved almost 52% revenue collection in wake of sales tax during said period.

On the other hand, the Collectorate was able to collect Rs2042.790 million under the head of sales tax during the corresponding period of December 2017-18.

Sources told Customs Today that sale in High Speed Diesel (HSD) observed decline in the month of December 2018-19 due to which less clearance of ex-bonding HSD happened in the said period.

It is pertinent to mention that High Speed Diesel is one of the significant import components of the Collectorate which has almost 98% share in the entire import items. Customs Collectorate has also collected almost Rs1.598 million under the head of additional sales taxes during December.

The Collectorate has made collection of Rs61.63 million against assigned task of Rs 14 million in wake of income tax for the duration of December 2018. Multan Customs collected Rs15.266 million under the head of Federal Excise Duty throughout December of ongoing financial year 2018-19.