ISLAMABAD: The Air Freight Unit (AFU) of the Benazir Bhutto International (BBIA) Airport Islamabad generated Rs773.00million All Duty Taxes during March Financial Year 2016-17.
During above said period, performance has been satisfactory under the heads of Sales Tax (ST), Customs Duty (CD) and Withholding Taxes (WHT). During above said period, the AFU collected Rs371.57million ST whereas it did Rs182.69million WHT and the AFU received Rs220million CD.
During last couple of month, the AFU faced shortfall of Sales Tax due to exemptions in many imported items like unstitched fabric, and some of textile and agriculture items were exempted from ST adding there are 21 to 25 items which were exempted from customs duty.
Because of above said exemptions, the performance of AFU suffers but overall business activity is acceptable. With the directions of Chief Collector North Tahira Habib regarding the focus on WHT, the AFU increased its performance under the head of WHT during current month.
The sources said now the AFU is evolving a new strategy to meet the new and revised targets for next quarter (April to June) FY2016-17. Revised revenue collection targets are not easy to meet but the AFU will try hard to meet the assigned targets under the heads of ST, CD and WHT.
