ISLAMABAD: The Air Freight Unit Islamabad attained a surplus revenue collection with an extra amount of Rs463.99million during 30 days of October against the assigned revenue targets of the whole month of October FY 17-18 under all taxes (Customs Duty, Sales Tax and Income Tax).
According to details explained by Nisar Ahmad Phullerwan, Additional Collector Air Freight Unit (AFU) Islamabad, that the AFU earned Rs972.99million of all taxes during 30 days of October FY17-18 while it was allocated revenue target of Rs509million as all taxes for said period.
The AFU collected Rs50.00million of Customs Duty in a single day on 30th of October FY17-18 “which is the highest revenue collection figure in a single day as CD during current month”, he said. Additional Collector told Customs Today that, during last month (September FY17-18), the AFU Islamabad faced a shortfall of Customs Duty (CD). During current month, it not only chased the earmarked revenue target of the CD but also surpassed it before the end of the month. The AFU achieved the assigned target of October as Sales Tax (ST) in the first 10 days of October FY17-18.
Telling about the details of first 30 days of the month of October, Phullerwan added that the AFU Islamabad was assigned the revenue target of Rs215.88million for the whole month as CD while it earned surplus revenue of Rs237.75million in 30 days of October FY17-18. The AFU received extra revenue of Rs21.87million during 30 days against the allocated target of CD for the whole month of October.
Additional Collector told CT that the AFU was earmarked the revenue collection target of Rs172.63million for the month of October as Sales Tax (ST) while it generated surplus amount of Rs521.15million of ST during 30 days of October. The AFU got extra amount of Rs348.52million during 30 days of October FY17-18 under the head of ST against the full month’s assigned revenue target.
He said the AFU Islamabad was allocated revenue target of Rs120.49million as Income Tax (IT) for the whole month of October FY17-18 while it collected surplus revenue of Rs213.39million under the head of IT.
The AFU received extra revenue with Rs92.9million during 30 days of current month as IT against the revenue collection target earmarked for the whole month of October FY17-18.
