ISLAMABAD: The Model Customs Collectorate Islamabad received Rs5509million of extra revenue against an earmarked proportional period of seven and a half months (1st July to 15th of February) revenue collection target under all the heads for Fiscal Year 2017-18.
According to details explained by Zulfiqar Ali Chaudhry, Collector, Model Customs Collectorate Islamabad, that, during first seven and a half months of FY17-18, the Collectorate of Islamabad posted 65% increase under all the heads against an assigned proportional revenue collection target. During above said period, the collectorate earned Rs13972.81million under the head of all duties and taxes whereas it was allocated a proportional revenue collection target of Rs8463.71million.
The MCC Islamabad generated an extra revenue of Rs6127.68million under all the heads during first seven and a half months of Financial Year 2017-18 against the same period of corresponding FY16-17. The collectorate got Rs7845.13million under the head of all taxes during said previous period.
Chaudhry told CT that the MCC Islamabad posted 28% growth of Customs Duty against an earmarked proportional revenue collection target for FY17-18 while it displayed 130% hike as Sales Tax (ST) against an assigned proportional target of Sales Tax (ST).
The MCC Islamabad exhibited 34% increase as Income Tax (IT) against an allocated proportional revenue collection target for first seven and a half months of FY17-18 while the Collectorate of Islamabad recorded 64% growth of Federal Excise Duty (FED) against an earmarked proportional revenue collection target for above said period, Collector MCC Islamabad concludes.
