LAHORE: The Collectorate of Customs Preventive has collected Rs 6,647 million all duty and taxes during the first seven months of the current financial year 2017-18.
As per details, the Collectorate of Customs Preventive collected Rs 6,647 million under the head of customs duty against the proposed target of Rs 5,495 million set by the Federal Board of Revenue.
Similarly, the Collectorate of Preventive collected Rs 1,1152 million on account of sales taxes during the period under review against the assigned target of Rs 8,415 million.
On the other hand the Collectorate of Preventive collected Rs 5,690 million on account of withholding tax against the assigned target of Rs 4,840 million for the first seven months.
Likewise the Collectoarte collected Rs 13.64 million on account of federal excise duty during the said period against Rs 179.50 million proposed target for the period. Overall the Collectoarte collected Rs 23,504 million duty and taxes during period under review.
Sources told that Collector Customs Preventive Faiz Ahmad adopted a comprehensive strategy to recover outstanding dues from defaulter. He directed to use all available legal resources to recover outstanding tax amount from defaulters. Collector is optimistic that Collectorate will achieve revenue collection target of current Fiscal Year 2017-18.
