ISLAMABAD: The Model Customs Collectorate (MCC) Islamabad showed 200% increase by paying off rebate refunds under the head of Customs Duty during first two weeks of February FY17-18 against the same period of corresponding FY2016-17.
According to details given by official sources of the MCC Islamabad that the MCC reimbursed Rs5million of rebate refunds during first two weeks of previous February FY16-17 while it did Rs15million rebates during first two weeks of February FY17-18.
Since the collectorate believes in the facilitation of exporters so it tried to accommodate meximum numbers of exporters by giveing more rebate refunds of CD to local manufactures so that they can continue their business activities smoothly. The sources told Customs Today that the collectorate posted 40% increase in rebates against an assigned proportional target during first two weeks of February FY17-18.
It was added that the MCC Islamabad was allocated an amount of Rs10.71million proportional rebate refunds target for said period whereas it paid off Rs15.00million rebates under the head of CD during said period.
It was informed that the MCC Islamabad was earmarked an amount of Rs20million rebate refunds for the entire month of February FY17-18.
