Faisalabad Appraisement earns 110 percent more than assigned target in March

FAISALABAD: The Customs Appraisement Branch has collected around Rs1030 million, at least 110 percent extra, during the month of March 2017 against the set target of Rs937.83million.

According to a official data available with Customs Today, Rs290.21million was generated under the head of Customs Duty (CD) in March against the set target of Rs172.80million. Under the head of Sales Tax (ST), the Customs Appraisement received Rs726.35million against the set target of Rs740million.

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Moreover, about Rs12.41million was collected under the head of Income Tax (IT) in March against the set target of Rs25million. The Customs Appraisement collected Rs1.45million as Federal Excise Duty (FED) against the set target of Rs0.03million.

Deputy Collector (DC) Import Usman Tariq said the Customs Faisalabad already sent notices to a number of tax defaulters in the recent months to increase tax collections.