ISLAMABAD: The Model Customs Collectorate Islamabad earned extra revenue with Rs464.93million of all duties and taxes during the 1st to 25th of October Financial Year 2017-18 against the assigned proportional (1st to 25th October FY17-18) revenue target under all the tax heads.
According to details explained by Collector Dr. Saeed Khan Jadoon of Model Customs Collectorate Islamabad that all the customs stations, working under the jurisdiction of MCC Islamabad, showed satisfactory performance during above said period. The Collectorate of Islamabad generated Rs1263.99million as all taxes during initial 25 days of October FY17-18 while the Collectorate of Islamabad was allocated a proportional target of Rs799.06million under all the heads. The MCC Islamabad received revenue of Rs793.66million during the same period of corresponding FY16-17.
The Collector MCC Islamabad told CT that, during initial 25 days, the Collectorate earned Rs427.6million as Customs Duty (CD) against the allocated revenue target of Rs375.06million of CD. The collectorate collected Rs346.01million as CD during the same period of October FY16-17.
During initial 25 days of October, the MCC Islamabad earned surplus revenue of Rs590.65million as Sales Tax (ST) while the collectorate was earmarked a proportional revenue target of Rs234.01million of ST. The collectorate got Rs255.74million as ST during the same period of previous FY16-17.
During initial 25 days of October FY17-18, collectorate earned Rs241.34million of Income Tax (IT) while it was assigned a proportional target of Rs179.37million for said period under the head of IT. The collector told CT that the MCC Islamabad received Rs178.87million under the same head during 25 days of October FY16-17.
Saeed Khan informed CT that the MCC Islamabad generated Rs4.36million during 25 days of October Fy17-18 under the head of Federal Excise Duty (FED) while it was allocated a proportional revenue target of Rs11.63million under the same head for the same period while MCC Islamabad collected Rs13.04million under the same head during initial 25 days of October FY16-17.
