IDP records Rs40m shortfall during first 10 days of May

ISLAMABAD: The Islamabad Dry Port (IDP) recorded Rs40 million shortfall under head of customs duty (CD) during first 10 days of May 2018.

According to details, IDP received Rs.80 million under head of CD against assigned proportional revenue collection target of Rs 120 million. It was added that during first ten days, the IDP showed poor performance because of imposition of Regulatory Duty (RD) on imported goods.

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The sources told that IDP earned Rs 39 million less revenue during the above-said period. It was added that IDP received Rs.119 million under head of CD during first 10 days of May, FY16-17.

The IDP has showed -34% revenue collection during first 10 days of May against assigned proportional revenue collection target while IDP showed -33% achievement against corresponding period of last FY.

The IDP faced huge shortfall of Rs 170 million under head of CD during month of April, FY17-18, the sources said and adding that during said period the IDP received Rs 169.42 million under head of CD whereas it was assigned revenue collection target of Rs.339.29 million for month of April, FY17-18. The IDP earned Rs 333.87 million under same head during same period of corresponding financial year 2016-17.