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Home Latest News

Faisalabad Customs Appraisement earns Rs226m profit in June

byNaeem Sheikh
03/07/2017
in Latest News, National, Slider News
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FAISALABAD: The Customs Collectorate Appraisement collected Rs1559.67million during the month of June 2017 against the set target of Rs1334.39 surpassing it by 81 percent.

The Customs Appraisement generated revenue under the heads of customs duty, sales tax, income tax and federal excise duty during said period. It received Rs385.02million of customs duty against the set target of Rs 288 million.

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The collectorate also achieved the target set for sales tax as it got Rs1233million against the set target of Rs940.67million which is more than 76 percent.

Customs Appraisement earned Rs8.70million of income tax during said period against the set target of Rs31million and surpassed the target by Rs28% whereas the department has no collection of federal excise duty (FED) against the target of Rs7.67million.

Customs Appraisement Collector Muhammad Sadiq said the Customs Department has already sent notices to a number of tax defaulters in the recent months asking them to clear the outstanding tax dues at the earliest to avoid stern action.

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