FAISALABAD: The Customs Collectorate has collected Rs 3,109.51 million during three month (July-September) of fiscal year 2017 against the set target of Rs 2,630.40 million.
Sources told Customs Today that Customs Appraisement collected revenue under the heads of customs duty, sales tax, income tax and federal excise duty during the above said period.
According to revenue statistics available to Customs Today, Faisalabad Appraisement collected Rs 817.30 million in the share of customs duty against the set target of Rs 737.65 million with an increased of 111 percent in first three month of fiscal year 2017.
The Collectorate collected Rs 2,254.09 million in share of sales tax during the above said period against the set target of Rs 845.71 million with an increase of 122 percent.
Faisalabad Appraisement branch collected Rs 38.11 million in wake of income tax during the above said period against the set target of Rs36.53 million with an increase of 104 percent.
The Collectorate have no collection under the head of federal excise duty (FED) against the assigned target of Rs 10.51 million.
It is pertinent to mention here that that Assistant Collector Shah Samad Hamadani is quite satisfied with the performance of the Collectorate in connection with the revenue collection during the last year of the first three months of the fiscal year 2016 while he stressed the authorities concerned of the Collectorate to further expedite the pace of revenue generation for getting more effective results.
It is pertinent to mention here that Customs Appraisement has surpassed the revenue targets altogether set by the FBR in three months of the first quarter of the fiscal year 2017.
