ISLAMABAD: The Model Customs Collectorate Islamabad collected Rs1805million more revenue than an assigned revenue collection target under all the heads during July to 15th of December Fiscal Year 2017-18.
According to details given by Saeed Khan Jadoon, Collector Model Customs Collectorate (MCC) Islamabad, that, during above said period, the collectorate received Rs8460million as all duties and taxes while it was assigned a proportional revenue collection target of Rs6655million.
The Collector MCC Islamabad informed CT that, during five months and three weeks of FY17-18, the collectorate earned Rs2751million as Customs Duty (CD) while the Collectorate of Islamabad was allocated a revenue target of Rs2777million as CD.
Saeed Khan Jadoon told the correspondent that MCC Islamabad collected Rs3852million of Sales Tax (ST) against an earmarked revenue collection target of Rs2340million. The collector added that MCC Islamabad earned Rs205million as Federal Excise Duty (FED) against an assigned proportional revenue target of Rs195million of FED for the period of July to 15th December FY17-18.
He said the Collectorate of Islamabad got Rs1651million as Income Tax (IT) against an allocated proportional revenue collection target of Rs1342million of IT during five months and 15 days of December FY17-18.
The MCC Islamabad generated extra revenue of Rs1804million against an earmarked revenue target while it did revenue of Rs-26.45million of CD against assigned revenue target whereas Collectorate of Islamabad generated Rs1512million surplus revenue as ST against an assigned target. The MCC Islamabad received Rs9.25million extra revenue under the head of FED against an allocated target. And the same Collectorate of Islamabad got Rs309million additional revenue of IT against an earmarked revenue collection target for July to 15th of December FY17-18.
