MULTAN: The Model Customs Collectorate (MCC) Multan has been assigned Rs 45.357 billion revenue collection target for the fiscal year 2015-16, while the Collector MCC Multan Sarfraz Ahamd Warraich is optimistic about achieving 100 percent target.
The FBR has assigned Rs.12. 87 billion target under the head of customs duty which is almost 4.6 less than the Rs 13.49 billion target for last fiscal year 2015-16. MCC Multan had collected Rs 9.149 billion last year.
Officials told Customs Today chief collector has reduced the customs duty collection target keeping in view the decreasing trend in the prices of the petroleum products. They added that MCC Multan has received a big chunk of customs duty on the import of high speed diesel and the low prices have affected it badly.
In wake of sales tax, it has been assigned Rs 31.8 billion target for running year which is 13 percent more than the corresponding period as it was Rs 28.10 million in fiscal year 2014-15. The MCC Multan had collected Rs 28.20 billion during last year.
However, chief collector has set Rs 242 million target in terms of federal excise duty (FED) for fiscal year 2015-16 while it was Rs 335 million during corresponding period. The major source of the FED is palm oil cleared through MCC Multan.
On the other hand, MCC Multan has been allotted revenue target to the tune of Rs 445 million in wake of withholding tax that is 31 percent more than the set target for the last year as it was Rs 336 million. It had exceeded the last year’s target by 17 percent.
Collector Sarfraz Ahmad Warraich told Customs today that he will make every possible effort to achieve the target, adding that, “We will design short term plans to make bring changes overtime in order to realise the target.
