PESHAWAR: Showing shortfall in major collection, the Customs House in last 11 months of financial year 2106-17 collected Rs14921 million till 25th May 2017 against previous 11 months of Rs16708.79 million with difference of minus 10.70 percent.
Reliable sources in Customs House told Customs Today that in head of custom duty a total of Rs5598.48 million were collected up to May 2017 against the previous year collection of Rs6005.71 million of 2016 with total of difference of minus Rs407.23 million having difference in percentage of 0f minus 4.03 percent.
In head of sale tax on imports the house collected Rs3610.34 million up to May 2017 against the previous collection of Rs3973.31 million with total difference of minus Rs362.97 million. The difference in percentage was recorded minus 9.15 percent.
In head of sale tax levied as federal excise duty (FED) on palm oil the house collected Rs1463.14 million up to May 2017 against Rs1876.28 million of May 2016 with difference of minus Rs413.14 million having minus 22.02 percent in percentage.
Similarly in head of sale tax value addition on commercial importers the house collected Rs5607.40 million up to May 2017 against Rs558.62 million with deference of minus Rs24.70 million while the difference in percentage in this sector was recorded minus 4.42 percent.
In head of federal excise duty on imports the house collected Rs143.79 million up to May 2017 against Rs201.11 million with difference of minus Rs57.32 million. The difference in percentage was recorded minus 28.50 percent.
In head of withholding tax the house collected Rs3571.64 million up to May 2017 against Rs4093.76 million of previous year of 2016. The difference in rupees was recorded minus Rs522.12 million while the difference in percentage was minus 12.75 percent.
The annual performance of the house was not satisfactory in last 11 months of the financial year. The house showed shortfall million of rupees in each section.
The reason is citing for this shortfall was the frequent skirmishes on Afghan border. The border management has also contributed less generation of revenue.
