ISLAMABAD: The MCC Islamabad earned less revenue during the first half of January FY17-18 than an assigned proportional revenue target of CD whereas it slid downward against a revenue collection against the same period of corresponding January FY 16-17.
According to details given by official of the MCC Islamabad that the Customs Collectorate Islamabad showed slow performance against an allocated proportional revenue target under the head of Customs Duty (CD) during the 1st to 15th of January Financial Year (FY) 2017-18. It was notified that, during above said period, the MCC Islamabad received Rs277.63million as CD against an earmarked proportional revenue target of Rs303.00million. It was added that the MCC Islamabad generated Rs296.95million of CD during the same period as CD during January FY16-17.
The sources told CT that the MCC Islamabad showed 45.33% average of achievement during the first half of January FY17-18 against an earmarked revenue collection target for the month of January FY17-18. The collectorate was allocated a revenue collection target of Rs628.04million of CD for the month of January FY17-16. The collectorate demonstrated 94% average of growth against an earmarked proportional revenue collection target for the first half of January FY17-18.
The MCC Islamabad generated extra revenue of Rs1195million under the head of Customs Duty against an assigned revenue collection target for 2nd Quarter (October to December) FY17-18 of FY2017-18 while it got an extra revenue amounting to Rs1335million under the same head against the same period of FY 2016-17.
Sources told CD that the MCC Islamabad collected Rs2703.80million of CD during 2nd Quarter FY17-18 against an allocated revenue collection target of Rs1508.60million. The MCC Islamabad earned Rs1335million as CD during the same period of previous FY16-17.
