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Torkham Customs earns Rs463.98m revenue from July 28 to August 28

Torkham Customs earns Rs463.98m revenue from July 28 to August 28

PESHAWAR: The Torkham Customs Station of the Model Customs Collectorate Peshawar has generated Rs463.98million revenue from July 28 till August 28, FY2017-2018.

The sources told Customs Today on Monday that the Torkham Customs has collected more revenue due to increased Trade on Pakistan-Afghanistan trade route on Torkham border. The trade between Afghanistan and Pakistan has faced hard times during the start of the current Financial Year due to which the flow on transit routes decreased.

Earlier, the border management of both countries agreed to allow 2,000 stranded vehicles to cross the border which in turn added grand amount of revenue to the collections. The Anti-Smuggling Unit Torkham Customs Station has also added part to collect more revenue during 30 days of current FY from July 28 till August 28, 2017-18.

The sources lauded the efforts of new Deputy Collector Customs Muhammad Najib Anjum for his strict policies which led to extra earning for Pakistan Customs.

Torkham Customs collected Rs150.9651million revenue by counting Customs Duty and has done Rs14.3943million revenue from EDS (F.E). An amount of Rs1.748million revenue was generated on RD (Imports) and Rs3.6283million revenue was received as ESD (Pak) from July 28 till August 28, FY 2017-18.

The Torkham Customs got Rs8.7484million tax by selling miscellaneous goods in the open auctions from July 28 till August 28, 2017-18.

The sources further said the Torkham Customs received Rs112.3601million Sales Tax in 30 days in which it has done Rs15.7958million by charging STV (Comp Import) duty on items during the same span of time.

The Torkham Customs station generated Rs184.8622million revenue by collecting A.I.T on items in which it has done Rs72.8427million as A.I.T export duty and Rs15.7958million of STVM (Comp Import).

The Torkham Customs Station has collected Rs11.11million more revenue from July 28 till August 28, 2017-18 as compared with the collections of previous FY from July 28 till August 28, 2016-17.

The Torkham Customs station in the same time period of previous FY got Rs452.87million from July 28 till August 28, 2016-17.