MULTAN: The Federal Board of Revenue (FBR) has assigned Rs 53.599 billion revenue target to Model Customs Collectorate, Multan for the fiscal year 2016-17, while it collected Rs 62.57 billion during previous fiscal year 2015-16.
FBR Chairman Nisar Muhammad Khan has assigned the revenue generation targets in a meeting with customs’ collectors during his visit to the Central Region.
The Multan Customs has been assigned Rs 8.472 billion target in wake of customs duty whereas it collected Rs 7.627 billion as customs duty during last year. The target of the customs duty has been revised by the FBR after observing increasing trend.
The FBR assigned Rs 44.5 billion target for sales tax to the collectorate. The sales tax target has been increased by the board this year, while the Multan Customs generated Rs 40.493 billion as sales tax during the previous fiscal year.
In order to achieve target, it will have to collect Rs 199 million under the head of federal excise duty during fiscal year 2016-17, while the customs collected Rs 180.512 million FED during the last fiscal year.
The customs will have to collect Rs 423 million in the wake of withholding tax, while it collected Rs 384.568million WHT during the last fiscal year.
Officials said that the Multan Customs will take effective measures to successfully attain the assigned revenue targets by the FBR during the running year.
