Peshawar Customs collects Rs 950.13m in first month of FY 2015-16

PESHAWAR: In the first month of new financial year, the Modal Custom Collectorate Peshawar collected Rs 950.13 million under the head of customs duty, sales tax and federal excise duty, along with withholding tax.

According to customs officials, under the head of customs duty, the Custom Houses collected Rs 308.54 million, while it collected Rs 205.47 million as sales tax on imports in July 2015.

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Similarly, the Customs House collected Rs 416.34 million as federal excise duty, while it collected Rs 35.96 million under the head of value added tax on commercial imports.

Under the head of federal excise duty on imports,  a collection of Rs 14.52 million was made, while in terms of withholding tax, Rs 177.74 million duty was collected. The total revenue collection in the first month of the financial year was Rs 950.13 million.

It is pertinent to mentioned here that the Peshawar Customs House met the previous target of the financial year 2014-2015 by collecting Rs 17,490.79 million.