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Indian wool exports likely to miss target for 2016-17

Indian wool exports likely to miss target for 2016-17

Customs AFU fails to achieve revenue collection target of November

byM. Imran Mehar
05/12/2017
in Lahore, Latest News
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LAHORE: The Pakistan Customs Air Freight Unit at Allama Iqbal International Airport has collected Rs 871 million during the month of November which is less than the assigned target for November of financial year 2017-18.

Sources told Customs Today that Air Freight Unit has failed to achieve the target of Rs 900 million but recovered only Rs 871 million which is Rs 29 million less than their assigned target for the month. The achieved target is almost 9 percent less than the given target.

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Customs officials said that main reason behind the low recovery is blockage of roads in the whole province. Due to closure of roads and sit-in at different points the delivery goods could not be carried out and that is the reason in fall of recoveries.

On the other hand, Pakistan Customs Air Freight Unit has recovered 35 percent extra taxes in the month of November as compared to the same period of the fiscal year of 2016-17 in November 2017-18.

Sources said that the collection of duties and taxes will increase in coming day and recoveries will chase the given target. Difference of recoveries and target will be fulfilled in next month and AFU will overcome the shortage. Imports of different items through Air Freight Unit is expected to increase in coming days sources stated.

 

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