ISLAMABAD: The Model Customs Collectorate Islamabad proved 50% increase under all the heads against an earmarked revenue collection target for the month of February FY17-18.
According to details given by Zulfikar Ali Chaudhry, Collector Model Customs Collectorate (MCC) Islamabad, that, during above said period, the collectorate showed 20% increase under all the heads against a revenue collection under the same head during the same period of corresponding FY16-17.
The collector told CT that the collectorate received Rs1449.97million revenue of all the taxes against an assigned revenue collection target of Rs1026.04million during the month of February FY17-18 while it earned Rs967.57million under all the heads during the same previous period of February FY16-17.
It was added that the collectorate demonstrated 8% growth by assigning a revenue collection target under the head of Customs Duty (CD) for the month of February FY17-18 while MCC Islamabad posted 20% increase under the same head during February FY17-18 against the same corresponding period.
The MCCI received Rs530.06million as CD against an earmarked revenue collection target of Rs490.59million whereas it earned Rs441.97million under the same head during the same period of post FY16-17.
The collector told the correspondent that, during February FY17-18, the MCC generated Rs607.76million of Sales Tax (ST) while it was assigned a revenue collection target of Rs313.19million. The Ccollectorate collected Rs316.69million under the same head during the identical corresponding period.
During the month of February FY17-18, the collectorate received Rs267.06million of Income Tax (IT) against an earmarked revenue collection target of Rs200.7million whereas the collectorate did Rs189.20million under the same head during the same previous period of FY16-17.
During the February, MCCI earned a revenue of Rs45.08million as Federal Excise Duty (FED) against an allocated target of Rs21.47million while it generated Rs19.70million as FED during the same period of corresponding FY16-17.
