KARACHI: The Appraisement (South), including three Collectorates i.e. Model Customs Collectorate-MCC of Appraisement (West), Model Customs Collectorate-MCC of Appraisement (East) and Model Customs Collectorate-MCC of Port Muhammad Bin Qasim has collected Rs357,386 million in form of all duty/taxes including Customs Duty, Sales Tax, Income Tax and Federal Excise Duty (FED) against the set target of Rs340,549 million with an increase of Rs16 837 million in the first two quarters i.e. (July to December-2014) of the fiscal year2014-15.
According to the statistics, the Appraisement (South) i.e. MCC-Appraisement (West), MCC-Appraisement (East) and MCC-Port Muhammad Bin Qasim collectively collected an amount of Rs103,733 million during July to December-2014 in terms of Customs Duty against the set target of Rs102,770 million with an increase of Rs963 million.
All the three Collectorates of Appraisement (South) have collectively collected an amount of Rs195,354 million in share of Sales Tax during first six months (i.e. July-Dec2014) of the FY2014-15 against the set target of Rs183,398 million with an increase of Rs11,956 million.
The Appraisement (South) has collected Rs55,408 million during July-2014 to December-2014 in share of Income Tax against the set target of Rs183,398 million with an increase of Rs3833million.
The Appraisement (South) has collectively collected an amount of Rs2890million in share of Federal Excise Duty (FED) during the months of July-2014 to December-2014 against the set target of Rs2806million with an increase of Rs84million.
It is pertinent to mention here that the Appraisement (South) during the same period i.e. July to December in the year 2013 had collectively collected Rs81,467 million in share of Customs Duty which is less than Rs22,266 million as compared to the revenue collection in terms of Customs Duty in the year 2014 for the same period i.e. July to December.
Similarly, the Appraisement (South) was collectively collected Rs167,501 million in terms of Sales Tax during July to December-2013; while the Appraisement (South) managed to collect revenue of Rs195,354 million in share of Sales Tax during July to December-2014 with an increase of Rs27853million.
Likewise, the Appraisement (South) was collectively collected an amount of Rs47448million in share of Income Tax during July to December-2013 while the Appraisement (South) has collected an amount of Rs55408million in the same period in the year of 2014 with an increase of Rs7960million.
The Appraisement (South) had collected an amount of Rs2562million in share of Federal Excise Duty (FED) during the period of July to December-2013. However; the Appraisement (South) has collected an amount of Rs2890million in share of FED during July to December-2014 with an increase of Rs328million.
The sources in Appraisement (South) while sharing their views with Customs Today over surpassing the revenue target said that this could happened by the effective strategy of FBR authorities concerned in achieving the revenue targets by the end of 2nd quarters of the FY2014-15.
“The appointment of dead honest and competent officers at Collectorates level by the FBR authorities made it possible to surpass the revenue target”, sources added.
The sources further informed this scribe that all three Collectorates for achieving the revenue targets during the first and second quarters while highlighting and stressing on bank guarantee, adjudication cases, post release verification (PRV) and other sectors .
