MULTAN: The Customs Collectorate has collected revenue of Rs.4004.970 million during the month of June in the fiscal year 2016-17.
According to the details, the Customs Collectorate has surpassed customs duty (CD) collection by collecting Rs.1484.691 million against the assigned target of Rs.1355.210 million during the month of June of fiscal year 2016-17. Multan Customs has posted 9 per cent increase in the customs duty revenue collection due to sincere efforts of the Collectorate during the month of June. The Customs Collectorate has collected Rs1313.430 million under the head of customs duty in the month of June corresponding fiscal year 2015-16.
Multan Customs has collected sales tax amounting to Rs2472.378 million against the assigned target of Rs.6676 million during the month of June in economic year 2016-17. Sales tax collection of Customs Collectorate Multan has been reduced due to decline in the clearance of High Speed Diesel (HSD) from Multan Collectorate in the last few months. One of the main factor is that High Speed Diesel (HSD) prices in the international market was also dropped to certain extent which causes decrease in the sales tax collection of Multan Customs.
The Customs Collectorate Multan has collected federal excise duty (FED) of Rs19.509 million against Rs.11 million during June 2016-17. Multan Customs was able to collect Rs.9.745 million during the matching period of the economic year 2015-16.
The Collectorate of Multan Customs has achieved the assigned the revenue collection target of federal excise duty (FED) for the duration of June.
Multan Customs has also collected Rs.2.259 million additional sales taxes during the month of June in the economic year 2016-17.
