GILGIT-BALTISTAN: The Model Customs Collectorate Gilgit-Baltistan (GB) generates All Duty Taxes worth Rs2669.131million during 11 month and 19th days of June (1st July to 19 June) of Financial Year (FY) 2016-17.
According to Akbar Jan, Assistant Collector GB while talking to Customs Today, said the GB already exceeded its assigned revenue collection target for running Financial Year 2016-17 under all the heads. During 11 months and 19 days of Financial Year 201617, the GB received Rs1082.348million of Customs Duty (CD) whereas it did Rs176.293million of Redemption Duty.
During above said period, the GB collected Rs7.727million of Redemption Fine (RF) while it did Rs869.141million of Sales Tax (ST) and the AC said the GB got Rs136.876million of Additional Sales Tax.
He said the MCC GB generated Rs264.708million of CD, ST, RD, IT and FED on Imports during May FY2016-17. The GB got Rs92.144million of CD while it did Rs32.855million of RD and it also generated Rs1.272million of Redemption Fine. During above said period, the GB earned Rs126.271million of total CD.
The GB received Rs83.130million of ST whereas it did Rs14.677million of Additional ST. The GB generated Rs97.807million of total ST and it collected Rs40.630 million of Income Tax during May FY16-17.
