LAHORE: Collectorate of Customs Appraisement has collected Rs 4,9611 million all duty and taxes during seven months of financial year 2017-18, posting a growth of 35 percent.
As per details, the Collectorate of Customs Appraisement collected Rs 19,220 million under the head of customs duty during the period under review against the proposed target of Rs 17,106 million.
Similarly, the Collectorate collected Rs 2,6226 million on account of sales taxes during the period under review against the target of Rs 21,690 million.
On the other hand the Collectorate collected Rs4126million on account of withholding tax (WHT) against the assigned target of Rs 4,049 million for the first seven months of current fiscal year 2017-18.
Likewise, the Collectoarte collected Rs38 million on account of federal excise duty (FED) during the said period against Rs 50 million proposed target for the period. Overall the Collectoarte of Customs Appraisement collected Rs 4,9611 million duty and taxes during period under review.
It is necessary to mention here that Collector Customs Appraisement Jamil Nasir has directed to use all available legal resources to recover outstanding tax amount from defaulters to the officers and staff all alike.
Due to effective policy adopted by Collectorate of Customs Appraisement. Collector Jamil Nasir is optimistic that his Collectorate will achieve revenue collection target assigned by Federal Board of Revenue for current fiscal year of 2017-18.
Customs Appraisement is already using all available resources to recover outstanding dues from defaulters, the sources concluded as saying.
