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Home Breaking News

Central region’s duty collection grows by 22pc in 9 months

byCustoms Today Report
16/04/2014
in Breaking News, Lahore, Latest News, Slider News
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LAHORE: Customs Central Region has collected a total customs duty of Rs 22,457 million during first nine months of the current fiscal year which is up by 22 per cent against Rs 18,369 million during the same period in the previous fiscal year.

Customs Central Region consists of collectorates in Lahore, Multan and Faisalabad.

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Collectorate of Appraisement Lahore collected total customs duty of Rs 10,603 million from July to March this fiscal year against Rs 8,344 million in the same period last fiscal year. The collectorate collected 27 per cent additional customs duty slightly missing the target by 5 per cent.

Collectorate of Preventive Lahore collected Rs 3,584 million during the first nine months of FY 2013-14 against Rs 2,834 million during the same period last fiscal year. The collectorate attained 26 per cent year on year growth besides meeting the target of Rs 3,551 million.

In the same period, the Collectorate of Multan collected customs duty of Rs 6,942 million against 5,654 million during FY 2012-13. The collectorate attained a growth of 23 per cent. However, it missed the target by 8 per cent. The target for the collectorate was set at Rs 7,521 million.

Collectorate of Faisalabad collected Rs 1,327 million during the nine months of FY 2013-14 against Rs 1,786 million during the corresponding period last fiscal year. The collectorate generated 14 per cent lower customs duty during the period under review against the same period during the fiscal year 2012-13.

The Customs Central Region collectively attained a hefty growth of Rs 4,088 million up 22 per cent, however missing the target by Rs 1,601 million which is 7 percent behind.

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