FAISALABAD: The Customs Appraisement has collected Rs8830.78 million during four months (January-April) of fiscal year 2017 against the set target of Rs7709.82 million.
Sources told Customs Today, that Customs Appraisement Faisalabad collected this revenue under the heads of customs duty (CD), sales tax (ST), income tax (IT) and federal excise duty (FED) during the above said period.
According to revenue statistics, the Customs Appraisement collected Rs2284.06 million in the share of customs duty against the set target of Rs 1355.20 million with a increased of 169 percent in first four month 2017.
The Collectorate collected Rs 6439.49 million in share of sales tax during the said period against the set target of Rs6082 million with an increase of 106 percent.
Faisalabad Appraisement branch collected Rs105.45 million in wake of income tax during the said period against the set target of Rs242 million with an increase of 44 percent.
The Collectorate collected revenue of Rs1.78 million in share of federal excise duty (FED) against the assigned target of Rs30.62 million with an increase of 6 percent.
It is pertinent to mention here that that Deputy Collector Muhammad Rizwan is quite satisfied with the performance of the Collectorate in connection with the revenue collection during the last year of the first Four months of the fiscal year 2016 while he stressed the authorities concerned of the Collectorate to further expedite the pace of revenue generation for getting more effective results.
It is pertinent to mention here that Customs Appraisement has surpassed the revenue targets altogether set by the FBR in Four months of the fiscal year 2017.
