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Multan Customs surpasses assigned revenue collection target during October

Multan Customs surpasses assigned revenue collection target during October

MULTAN: Collectorate of Customs collected Rs3920.406 million against set target of Rs3569 million under different heads including customs duty, sales tax, federal excise duty and income tax during the month of October of current Fiscal Year 2018-19.

According to the statistics available with Customs Today, Multan Customs collected Rs1540.744 million under the head of customs duty against assigned target of Rs1091 million during October. The Collectorate attained almost 41 % excess revenue collection in customs duty due to their adequate revenue collection strategy in the start of second quarter of financial year 2018-19.

The Collectorate posted almost Rs449.744 million excess collections than their set target. Multan Customs had collected Rs836.070 million of customs duties during corresponding fiscal year 2017-18 of the October.

The Collectorate has collected Rs2348.766 million against the set collection task of Rs.2418 million under the head of sales tax during the month of October 2018-19. The Collectorate attained 97 % assigned target during October. Similarly the Collectorate collected revenue of Rs2102.398 million in share of sales tax in the matching period of October 2017-18.

Multan Customs Collectorate collected Rs12.867 million against target of Rs36 million in wake of federal excise duty (FED) during October of the current economic year 2018-19. On the other hand the Collectorate collected Rs32.827 million during corresponding period of the fiscal year 2017-18.

The Collectorate of Customs collected Rs16.919 million against set task of Rs.24 million in wake of withholding tax (WHT) during the month of October 2018-19.

Multan Customs attained 70 % revenue collection task of withholding tax (WHT) throughout October. However it collected Rs22.142 million in wake of income tax during the month of October during corresponding period of the economic year 2018-19.

The Collectorate also generated Rs1.110 million in wake of additional sales tax during October of monetary year 2017-18.

Meanwhile، Multan Customs Collectorate accomplished set revenue task and collected excess revenue of Rs351.406 million due to effective strategy devised by Collector Ambreen Ahmad Tarar.