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North Region generates Rs1556.32m more duties & taxes than allocated target

North Region generates Rs1556.32m more duties & taxes than allocated target

ISLAMABAD: The North Region showed surplus revenue collection with an amount of Rs1556.32million against the assigned revenue collection target of all duties and taxes during the two months and first 10 days of October (1st of July to 10th of October) Financial Year 2017-18.

According to details explained by sources of North Region, comprising Collectorates of Islamabad, Peshawar, Samberial and Gilgit-Baltistan, that earned Rs10242.82million during above said period of FY2017-18 against the allocated revenue target for proportional target of Rs8686.50million as all duties and taxes. The North Region was earmarked revenue collection target of Rs10914.32million under all heads for the first four months (July to October) FY17-18.
The sources told CT that, during 1st of July to 10th of October FY17-18, the collectorate of Islamabad received surplus revenue collection of Rs4123.99million as all taxes against the assigned revenue target of Rs3437.70million under the same heads. During above said period, the Customs Collectorate Peshawar generated additional amount of Rs5617.78million under all heads against the allocated revenue collection target of Rs. 5073.17.
The Collectorate of Samberial paid rebate refunds of Rs.-652.57million against the earmarked amount of rebate refunds of Rs.-1068.35million under all heads while the Gilgit-Baltistan collected Rs1153.62million against the assigned revenue collection target of Rs1243.98million under all heads of duties and taxes for 1st of July to 10th of October FY17-18. It is expected that the North Region will surpass its allocated revenue collection target for first four months of FY17-18 easily till the end of this month of October.