ISLAMABAD: The Customs North Region received Rs84million of additional revenue as FED against an earmarked revenue target for January FY17-18.
According to details given by sources of the Customs North Region that two customs stations out of four, comprising Model Customs Collectorates of Islamabad and Peshawar, earned a handsome revenue against an assigned revenue collection target of Federal Excise Duty (FED). Sources added that the North was allocated Rs24.52million revenue as FED for 15 days of January while it fetched Rs108.72million.
The sources told CT that, during above said period, the North showed 343.39% average of achievement under the head of FED against an earmarked proportional revenue target. The North earned Rs7.58million of FED during first half of the corresponding January FY16-17. The North posted 1334.30% increase of collection as FED during first half of January 17-18 against the same previous period.
The Collectorate of Islamabad generated Rs102million of FED against an assigned revenue target of Rs9.92million. The Collectorate of Peshawar got Rs5.95million under the same head during the first half of January FY17-18 against an allocated revenue target of Rs14.16 million.
The Customs North Region received an additional revenue of Rs38.00million against an earmarked revenue collection target of FED during July to December Fiscal Year 2017-18.
The North was assigned Rs287.00million revenue target for said period whereas it received Rs325.00million as FED. The sources notified CT that the North generated Rs123.00million under the same head during corresponding 1st of July to December 31, 2016-17.
During 1st of July to 31st of December FY 2017-18, the Collectorate of Islamabad got Rs209.00million of FED against an earmarked revenue collection target of Rs195million. The Collectorate of Islamabad earned Rs116million under the same head during the same period of corresponding FY16-17. The Islamabad Customs displayred 106.71% average of growth vis-à-vis an allocated revenue collection target during the initial six months of FY17-18 while it showed 116.32% average of achievement against the same period of previous FY16-17.
The source informed the correspondent that, during 1st of July to December 31, fY17-18, the Customs Collectorate of Peshawar earned Rs116.43million of FED against an assigned Rs91.73 million while it did Rs84.15million during the same period of corresponding period FY16-17 under the head of FED. The MCC Peshawar posted 126.93% average of growth against first six months of assigned target while it exhibited 138.36%average of achievement against the same period of previous FY16-17 under head of FED.
