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Peshawar Customs exceeds revenue collection target of July

Peshawar Customs exceeds revenue collection target of July

PESHAWAR:  The Customs Collectorate surpassed its target by collecting Rs1512.99 million in the month of July 2017 against Rs953.47 million of the previous July 2016 having remarkable differences of Rs559.52 million with 56.08 percent.

According to reliable data collected from Peshawar Customs House, in head of customs duties Rs490.25 million collected against previous July of 2016 which was Rs 334.18 million having difference of Rs15655.07 million while the difference in percentage was recorded 37.74 percent.

In term of sale tax on import the house collected Rs377.53 million in July 2017 against the figure of previous year of Rs262.20 million. The difference in rupees was recorded Rs115.33 million while the difference in percentage was recorded 44.67 percent.

In head of sales tax levied as federal excise duty on palm oil the customs house collected Rs54.38 million against Rs39.76 million of July 2016. The total difference in percentage in this section was recorded 36.77 percent while the difference in rupees was 14.62 million.

In head of federal excise duty (FED) on import the Custom House collected Rs15.92 million against the previous year of July 2016 which was Rs8.28 million. The difference in rupees was recorded Rs7.64 million while the difference in percentage was 16.01 percent.

In term of withholding tax the house collected Rs371.07 million against the previous year Rs215.75 million of for July 2016. The difference in rupees was noticed Rs155.32 million while the difference in percentage was recorded 71.99 percent.

The performance of the house for the month of July 2017 April was far better as compare to July 2016 as handsome revenue generated in head of various duties.

It is mentioned here that Collector Qurban Ali has made remarkable decision to improve the revenue collection of Peshawar customs as custom staff has tight the noose around the neck of smugglers and seized gold and other valuables in last one month.