ISLAMABAD: The Customs North Region generated Rs38.00million more revenue than an earmarked revenue collection target of Federal Excise Duty during July to December Financial Year 2017-18.
According to details given by sources of the Customs North Region that two Customs Stations out of four ones, comprising Model Customs Collectorates Islamabad and Peshawar, collected a handsome revenue against an assigned revenue collection target as Federal Excise Duty (FED). Sources added that the North Region was assigned Rs287.00million revenue target during above said period while it received Rs325.00million of FED. The sources notified CT that the North generated Rs123.00million under the same head during corresponding 1st of July to 31st of December 2016-17.
The sources told the correspondent that, during 1st of July to 31st of December Financial Year (FY) 2017-18, the Collectorate of Islamabad got Rs209.00million under the head of FED against an allocated revenue collection target of Rs195million. Sources added that the Collectorate of Islamabad collected Rs116million under the same head during the same period of previous FY16-17. The Islamabad Customs showed 106.71% average of achievement vis-à-vis an earmarked revenue collection target during initial six months of FY17-18 while it reflected 116.32% growth against the same period of corresponding FY16-17.
The source informed CT that, during 1st of July to 31st of December fY17-18, the Customs Collectorate of Peshawar received Rs116.43million as FED against an allocated Rs91.73million while it earned Rs84.15million during the same period of previous FY16-17 under the head of FED. The MCC Peshawar posted 126.93% average of achievement against first six months of assigned target whereas it wemonstrated 138.36%average of achievement against the same period of corresponding FY16-17 under the head of FED.
