ISLAMABAD: The Air Freight Unit (AFU) will earn Rs20.00million revenue through bank guarantees and recoveries during the month of April FY2016-17. The above said amount will help AFU Islamabad to meet its assigned target for same period. The AFU had assigned revised target for coming months (April to June FY2016-17). The AFU is optimistic to achieve the assigned target under the head of all duty and taxes during the current month.
The AFU is trying its level best to meet the revised assigned target of Rs271.00million under the head of Customs Duty whereas Rs270.00million assigned has been set under the head of Sales Tax. During the next upcoming week, the AFU is expecting huge consignments of import at AFU Islamabad.
The sources emphasized that the AFU wants improvement through audit and facilitation which will ultimately benefit the business community adding that the AFU was assigned revenue collection target of Rs.225million under the head of CD for the month of March 2016-17. The Federal Board of Revenue has revised the Model Customs Collectorate Islamabad CD target with new figures as the target of AFU also has been change upward with Rs10million under the same head.
The sources said that Chief Collector North Sarwat Tahira Habib, during her visit, asked the AFU staff to recompose their efforts towards revenue collection, especially With Holding Tax (WHT).
