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Home Breaking News

Duty collection of two collectorates not synchronised with import value

byEditor
12/07/2013
in Breaking News, Karachi, Latest News
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By Staff Reporter

KARACHI: The performance of Model Customs Collectorate (MCC) PaCCS and MCC-Appraisement has raised several questions as the customs duty collection by these two Collectorates does not synchronise with the import value of dutiable items in the fiscal year 2012-13 ending on June 30, 2013.

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MCC-PaCCS remained the highest collector of customs duty on the import of dutiable goods during the fiscal year 2012-13, collecting Rs 57 billion. The similar situation was observed at MCC-Appraisement where the collection of customs duty during last fiscal year stood at Rs 43 billion as compared to Rs 43.942 billion while the imports of dutiable goods surged by 8.9 percent in fiscal year 201-13 to Rs265.621 billion as compared to Rs243.795billion in FY11-12.

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