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North Region Customs falls Rs399m short of earmarked revenue target during nine months

North Region Customs falls Rs399m short of earmarked revenue target during nine months

ISLAMABAD: The Customs North Region faced a shortfall of Rs399million against an assigned revenue target of Customs Duty during a third quarter (January to March) FY17-18.

According to details given by sources of the Chief Collector Office of the North Region Islamabad, comprising Model Customs Collectorates of Islamabad, Peshawar, Sambrial and Gilgit-Baltistan, noted that, during third-Q, the North Region earned Rs2578.88million under the head of Customs Duty (CD) against an allocated revenue collection target of Rs2978.67million.

The sources told CT that the Customs North generated a surplus revenue as CD against an earmarked target for the month of March FY17-18. It was added that the North Region received Rs1046.98million against an assigned revenue target of Rs959.77million under the head of CD for the month of March FY17-18. The North Region collected an extra revenue with an amount of Rs87.21million of CD against an allocated revenue collection target.

During the month of February, the North Region again showed deficit with an amount of Rs108.66million against an earmarked revenue collection target as CD. The North Region earned a net collection of Rs813million under the head of CD against an assigned revenue target of Rs922.17million.

During the month of January FY17-18, the North Region again posted a shortfall of-Rs377.85million of CD against an allocated revenue collection target. It was informed that the North Region generated Rs718.89million as CD against an earmarked revenue collection target of Rs1098.73million.