ISLAMABAD: The Model Customs Collectorate Islamabad showed 75% increase of revenue under all the heads during first eight months (July to February) FY17-18 against the same corresponding FY16-17 while the collectorate demonstrated 64% hike of revenue under all the heads during the same period against the assigned revenue target for first eight months of FY2017-18.
According to details explained by Zulafikar Ali Chaudhry, Collector Model Customs Collectorate (MCC) Islamabad, that the collectorate displayed an outstanding performance during above said period under all the heads. The collectorate exhibited 45% growth of Customs Duty (CD) during first eight months of FY17-18 against the same corresponding period. The collectorate gained 28% increase against an allocated revenue target for first eight months of current FY17-18 he said.
Chaudhry told CT that the collectorate generated 126% more revenue as Sales Tax (ST) during eight months of FY17-18 against the same previous period. The collectorate fetched 125% extra revenue under the head of ST against an earmarked revenue target for first eight months of FY17-18.
He further said that the collectorate earned 43% extra revenue of Income Tax (IT) during first eight months of FY17-18 against a revenue collection during the same previous period while the MCC Islamabad showed 34% growth under the same head against an assigned revenue collection target from July to February FY17-18.
The Collector MCC Islamabad told Customs Today that, during first eight months of FY17-18, the collectorate demonstrated 90% hike of Federal Excise Duty (FED) against the same corresponding period while it received 74% increase under the same head against an allocated revenue target for first eight months of FY17-18.
