Multan Customs collects Rs 7891m revenue in four months

LAHORE: Customs Collectorate Multan has collected a revenue of Rs 7891 million in four months during the four month (July to October) of current financial year 2016-17.

As per detail the Collectorate collected the revenue on account of four heads customs duty, sales tax, with holding tax and federal excise duty (FED).

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The Collectorate collected Rs 1726 under the head customs duty million during the first four months of financial year 2016-17.

Similarly, the Collectorate collected Rs 6029 million under the head of sales tax during the first four month from July to October financial year 2016-17.

On the other hand the Collectorate collected Rs 78 million under the head of withholding tax (WHT) during the four months of financial year 2016-17.

On the whole Collectorate of Customs collected less tax, withholding tax and FED in the first four months July to October of financial year 2016-17.

The Collectorate’s revenue collections are largely dependent on oil import clearance and the oil import clearance fallen down to a significant level following a steep decline in the oil prices.