MULTAN: Under supervision of Collector Ambreen Ahmad Tarar, the Customs Collectorate has collected Rs1518.829 million under the head of petroleum development levy for the month of May.
Sources told Customs Today, that Multan Customs collected petroleum development levy from oil marketing companies on the clearance of ex-bonding of High Speed Diesel (HSD) shipments from Multan Dry Port. The Collectorate of Multan Customs collected all taxes from oil marketing companies including customs duty, sales taxes, federal excise duty, income taxes, additional sales taxes, petroleum development levy from oil marketing companies at the time of ex-bonding clearance from Multan Dry Port. Petroleum development levy is a federal tax and is collected by customs department on the clearance of High Speed Diesel (HSD) in Pakistan.
The Collectorate of Multan Customs receives almost 97 percent of its revenue collection through the clearance of High Speed Diesel and other petroleum products from the PARCO oil refinery of Mahmood Kot.
The Multan Customs made collection of Rs1518.829 million from the from oil marketing companies in wake of petroleum development levy during May 2017-18.The Customs Collectorate collected Rs1484.899 million during the corresponding period of May 2016-17.
It made almost Collection of Rs.13903 million from July to May 2017-18 in economic year 2017-18.Multan Customs has observed almost Rs.1.8 billion progress in petroleum development levy due to extra demand of HSD products in the first eleven months of existing economic year 2017-18.
