MULTAN: The Model Customs Collectorate Multan has exceeded the allocated revenue collection target of January 2017-18.
The Multan Customs collected the revenue of Rs3505.558million against the assigned revenue collection target of Rs2109.03million during January 2017-18. So the total gain or profit is Rs1384million. The Multan Customs was earmarked Rs2109.03million revenue collection target of customs duty, sales taxes, federal excise duty (FED) and withholding tax (WHT) for the whole of January.
The Model Customs Collectorate Multan has generated the customs duty collection of Rs1054.150million against the allocated collection target of Rs633.36million for the period of January. So Multan Customs posted 66 % growth in the revenue collection in January. It got Rs555.581million under the head of Customs Duty during corresponding period of January 2016-17.
The Model Customs Collectorate Multan has generated Rs2417.365million in terms of sales tax against the revenue target of Rs1449.91million for the period of January and collectorate received Rs967.455million surplus sales taxes during January due to its active part in the clearance of import shipments at the Multan Dry Port.
Increase in the prices of High Speed Diesel (HSD) in the international market has also boosted the revenue generation of Multan Collectorate during January. The Multan Customs was able to collect sales tax revenue of Rs1286.352million in the previous Fiscal Year 2016-17.
The Multan Customs has earned Rs7.649million under the head of Federal Excise Duty in January along with the revenue collection of Rs8.06million so the collectorate has successfully accomplished target of Federal Excise Duty during January. The collectorate was able to receive Federal Excise Duty of Rs7.395million in the corresponding period of 2016-17.
The Multan Customs Collectorate has collected the Income tax of Rs25.736million against the earmarked target of Rs17.70million during January and it got the revenue collection of Rs16.544million during the same period of previous economic year.
Meanwhile, it has also got Rs0.658million Additional Sales Tax during January and the Multan Customs has overall showed 66.2 % of increase from the allocated target due to remarkable performance.
