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Home Breaking News

Port Qasim fails to achieve revenue target in May; collects Rs 2.57b against Rs 2.6b target

bySohail Rab
11/06/2015
in Breaking News, Karachi, Latest News, Slider News
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KARACHI: The Model Customs Collectorate (MCC) Port Bin Qasim has failed yet another time to achieve revenue target set by the Federal Board of Revenue (FBR) for the month of May 2015, as the Collectorate has collected revenue amounting to Rs 2.57 billion in share of different heads including customs duty, sales tax, federal excise duty and income tax against its set target of Rs 2.6 billion with a shortfall of Rs 300.64 million.

According to revenue statistics, the MCC-Port Bin Qasim has collected an amount of Rs 7.8 billion in share of customs duty against a set target of Rs 6.156 billion during the month of May with an increase of Rs 1.653 billion.

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The Collectorate has collected an amount of Rs 1.473 billion in share of sales tax against a set target of Rs 1.6763 billion with a massive shortfall of Rs 2.029 billion in May.

The MCC-Port Bin Qasim has collected an amount of Rs 244.76 million in share of federal excise duty in May against a set target of Rs 227.28 million with an increase of Rs 17.48 million.

Similarly, the MCC-Port Bin Qasim has collected an amount of Rs 2.953 billion in share of income tax during May against a set target of Rs 2.895 billion with an increase of Rs 57.74 million.

It is pertinent to mention here that the MCC-Port Bin Qasim had failed to achieve revenue target for the month of April-2015 and recorded a shortfall of Rs 376.85 million.

It may also be mentioned here that the MCC-Port Bin Qasim has continuously left behind the revenue targets set by FBR throughout from the start of the third quarter.

Sources informed Customs Today that the Collector-MCC Port Bin Qasim Suraiyaa Ahmed Butt has asked the officers of the Collectorate to ensure achieving the revenue targets by all means and take effective measures in this regard.

The importers were of the view that the few biased officers and officials of the Collectorate are responsible for this continuous revenue collection shortfall and their malpractices and blackmailing tactics are also mar the efforts of competent and hard-working Customs officers.

 

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