ISLAMABAD: The MCC Islamabad surpassed the entire revenue collection of January 2017-18 target within 26 days under all the heads while facing a shortfall of Customs Duty.
According to details given by official sources of the Model Customs Collectorate (MCC) Islamabad that, during first 26 days of January, it earned that Rs1444million was generated against the monthly allocated revenue target of Rs1260million under all the heads. The collectorate earned extra revenue of Rs184million during 26 days against the earmarked monthly target under all the heads.
Sources said the collectorate showed 14.61% increase during 26 days of January 2017-18 against the monthly assigned revenue target. The MCC displayed a deficit of Customs Duty with the earning of Rs453million against the allocated revenue collection target of Rs608 million. The MCC has to collect Rs155million in the next five days of January FY17-18, the sources claimed.
During first 26 days of January FY17-18, the MCCI got Rs595.98million against monthly assigned revenue target of Rs420million as Sales Tax (ST). The MCC Islamabad received Rs175.93million during 26 days against the monthly revenue target of ST.
The sources disclosed that, during 26 days of January FY17-18, the Collectorate of Islamabad generated Rs141.93million against the earmarked revenue target of Rs9.92million of Federal Excise Duty (FED). In this way, the collctorate received over revenue of Rs132million during the said period against the allocated monthly revenue collection target under the head of FED for the entire January FY17-18.
The MCCI collected Rs253million as Income Tax (IT) during 26 days of January FY17-18 while it was earmarked a revenue target of Rs222million. The MCCI generated an extra Income Tax of Rs31million during 26 days of January against the monthly revenue target.
