ISLAMABAD: The Islamabad Dry Port (IDP) faced huge short fall of Rs170.00 million rupees shortfall under head of customs duty (CD) during month of April FY17-18 due to imposition of RD on all the imported consignments.
Sources of Customs Collectorate told Customs Today that during the above said month the IDP received Rs.169.42 million under head of CD whereas it was assigned revenue collection target Rs.339.29 million for month of April FY17-18. It was also added that IDP earned Rs333.87 million under same head during same period of correspondence financial year.
The sources told that during the month of April FY17-18 the IDP faced shortfall of -50% against assigned revenue collection target whereas the IDP faced -49% of shortfall against revenue collection under head of CD during correspondence April FY16-17, it was added that the due to imposition of RD on imports of non-luxury and perishable goods the IDP business activity got chocked, sources added that the duty taxes which were paid in worth of Rs.6 lakh per container of 40 feet before imposition of RD now have reached at Rs.11 lakhs, it turn out to be difficult for importers to continue business with new RD on imported goods.
It is necessary to mention here that on February 7 the provincial court declared the Statutory Regulatory Order (SRO) 1,035 of 2017 unconstitutional in which the FBR had issued in October 2017 to exercise of powers conferred by the amended Section 18(3) of the Customs Act 1969
