LAHORE: Collectorate of Customs Preventive has collected Rs4024 million all duty and taxes during the month of January financial year 2017-18 posting a growth of 24 percent against the assigned monthly target of Rs 3254 million.
As per details, the Collectorate of Customs Preventive collected Rs1103 million under the head of customs duty (CD) during the period under review against the proposed target of Rs927 million.
Similarly, the Collectorate of Customs Preventive collected Rs1949million on account of sales taxes (ST) during the period under review against the assigned target of Rs 1527 million.
On the other hand the Collectorate of Customs Preventive collected Rs970million on account of withholding tax (WHT) against the assigned target of Rs750 million for the month of January 2017.
Likewise the Collectoarte collected Rs0.59 million on account of federal excise duty (FED) during the said period against Rs 48 million proposed target for the period.
Overall the Collectoarte of Customs Preventive collected Rs 4024 million duty and taxes during period under review.
It is necessary to mention here that Collector Customs Collectorate of Preventive directed his staff to use all available resources to recover outstanding amount from the defaulters.
Sources told that Collector Faiz Ahmad adopted a comprehensive strategy to recover outstanding amount from defaulters and due to effective policy the Customs Preventive authorities are quite optimistic that they will definitely achieve revenue collection target assigned by FBR of current Fiscal Year 2017-18.
