ISLAMABAD: The Model Customs Collectorate beat an allocated proportional revenue target under all the heads with a collection of extra Rs1291.78million during the 1st of July to November 20th of Financial Year 2017-18. In addition, the collectorate exceeded an assigned proportional target of Customs Duty during first 20 days of November’s Financial Year 2017-18.
The Customs Collectorate Islamabad earned Rs6231.50million against an earmarked proportional revenue collection target of Rs4939.72million under all the heads during above said period while it did Rs4575.05million under the same heads during the corresponding Fiscal Year (FY) 2016-17.
According to details explained by Majid Hussain Gadd, Deputy Collector Headquarters Model Customs Collectorate (MCC) Islamabad, that, during above said period, the collectorate posted 26.15% increase against an allocated proportional revenue collection target of all duties and taxes. During 1st of July to 20th of November’s Financial Year 17-18, the Customs Collectorate Islamabad displayed 36.21% growth against the same period of previous FY16-17.
Majid told CT that Islamabad Collectorate demonstrated satisfactory performance against an earmarked revenue collection target as Customs Duty (CD) during first 20 days of November’s 2017-18. The Model Customs Collectorate (MCC) Islamabad surpassed an assigned proportional revenue collection target for first 20 days by generating extra amount of Rs07.00million. The MCC Islamabad earned Rs336million of CD while it was assigned a proportional revenue target of Rs329million for first 20 days of November’s FY17-18.
Moreover, Gadd further told CT that the MCC Islamabad exceeded the revenue collection earned during first 20 days of corresponding November’s FY16-17. The collectorate collected Rs281million of CD during said period whereas it did extra amount of Rs55million as CD during first 20 days of November’s FY17-18 against the collection of the same previous 1st to 20th of November’s FY16-17.
