ISLAMABAD: The Margallah Dry Port Islamabad showed -9% decline of Customs Duty against an assigned revenue collection target for the month of February FY17-18 while it fell short of -14% Customs Duty during the same period of corresponding FY16-17.
According to details told by official sources of Model Customs Collectorate (MCC) Islamabad that, during the month of February, the Islamabad Dry Port (IDP) showed a shortfall of Rs23.65million of Customs Duty (CD) against an allocated revenue collection target for the month of February FY17-18.
The sources told CT that the IDP Islamabad was earmarked Rs269.40million of revenue collection target of CD during the month of February FY17-18 while it earned Rs245.75million under the same head. It was told that the IDP earned a smaller amount of Rs40.09million as CD against a revenue collection during February FY16-17.
It was added that Deputy Collector IDP is optimistic that the IDP will earn a surplus revenue during 3rd Quarter of FY17-18. It was further said that, during first seven months (July to January) FY17-18, the IDP generated Rs2879million of CD while it did Rs400million under head of CD during month of January FY17-18. It respectively received Rs410million in the month of December, Rs279million CD in the month of November FY17-18 whereas it earned Rs369million under the same head during the month of October FY17-18.
The sources told CT that, during the month of September FY17-18, the IDP collected Rs320million while it received Rs344million of CD during the month of August FY17-18 and the IDP earned Rs318million of revenue during the month of July FY17-18 under the head of CD.
The sources told the correspondent that the IDP is struggling hard to meet the assigned revenue target under the head of CD for the month of March FY17-18.
