Excise Punjab collects Rs 8 billion in three months of fiscal year 2015-16

LAHORE: The Punjab Excise and Taxation Department has collected handsome amount of revenue just in first three months of fiscal year 2015-16.

According to financial statements, the department recovered Rs 8 billion in three months which is 38 percent more than the same period of fiscal year of 2014-15.

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According to the available data, the Excise Punjab recovered Rs 5 billion in the first three months of the fiscal year of 2014-15.

Excise collected a huge share of motor vehicle taxes which stands at Rs 4 billion only in three months. The motor vehicle taxes collected in two months of the fiscal year of 2014-15 stood at Rs 2.2 billion and now up to 30^th of September 2015, recoveries in this regard increased up to 40 percent than the specific period last year.

The Excise and Taxation Department also recovered Rs 228 million of excise duty which was levied on sale and purchase of alcohol in the province. In the first three months, the department collected Rs 198 million in the wake of excise duty which is 18 percent extra than the same period of the fiscal year 2014-15. The Excise Punjab issued more than 5,000 alcohol sale permits to the Christian community of Punjab.