MULTAN: The Federal Board of Revenue (FBR) has assigned Rs 42.265 billion revenue target to Multan Customs Collectorate (MCC) for fiscal year 2014-15 while it collected Rs 36.233 billion last year.
FBR Chairman Tariq Bajwa assigned the revenue generation target in a meeting with customs’ collectors during his visit to the region.
The customs sales tax revenue target for current fiscal year will be Rs 28.1 billion while it was Rs 24.912 billion during the previous fiscal year.
The MCC will collect the federal excise duty with a target of Rs 335.61 million while the customs collected Rs 306 million during the last fiscal year.
The MCC will generate customs duty worth Rs 13.492 million while it was able to collect Rs 10.705 billion during the last year.
The MCC will have to collect Rs 336.71 million withholding tax for fiscal year 2014-15 while it collected Rs 310 million during last fiscal year. The MCC was unable to achieve the target during the last fiscal year and remained 12 percent below the set target. Now the revised target collection increased up to almost 15 percent than the last fiscal year and it would be again difficult to accomplish the task.
According to sources, the MCC wants to rationalise the target assigned by the FBR chairman.
Talking to Customs Today, Collector Sarfaraz Ahmad Warraich said that serious effort would be made to achieve the target of fiscal year 2014-15. He said that the Customs Department would try to achieve the said target.
