ISLAMABAD: The Customs Islamabad Dry Port (IDP) surpassed its annual revenue target with Rs92.00million of Customs Duty (CD) during 11 months and 20 days (July 01 to June 20) of current Financial Year (FY) 2016-17. The IDP earned Rs3501million against the assigned target of Rs3405million for FY16-17 under the head of CD.
According to Assistant Collector Amanat Ali Khan, performance of the IDP has been satisfactory during above said period.
During 11 months and 20 days of June FY16-17, the IDP generated Rs748.05million more revenue than the same period of corresponding financial year 2015-16. During corresponding FY2015-16, the IDP received Rs2753million during 11 months and 20 days.
He said the IDP will achieve its revenue target of Customs Duty during June FY2016-17. The revised target of Customs Duty had been assigned double in amount against the previous target of June 16-17. The IDP surpassed the assigned revenue collection target during May 2016-17 with additional amount of Rs46.561 against the collection of same period of corresponding Financial Year 2015-16. The IDP received Rs381.439million during May 2016-17 whereas it did Rs328.00million during the same period of corresponding Financial Year 2015-16.
During July to May FY2016-17, the IDP filed 2651 of dutiable Goods Declarations (GDs) whereas it processed 2920 containers during said period. The IDP got Rs3170.00million of Customs Duty (CD) during July to May 2016-17 against the assigned revenue of Rs2924million. During 11 months of current Financial Year 2016-17, the IDP surpassed the revenue target with an amount of Rs246.00million as and it collected Rs2382million during the same period of corresponding Financial Year 2015-16.
The IDP processed 325 dutiable GDs during May FY16-17 whereas it cleared 376 dutiable containers during May. The IDP generated Rs381.439million during May 2016-17 while it did Rs328.00million during the same period of corresponding Financial Year 2015-16. The IDP surpassed the revenue collection with Rs46.561million against the collection of the same period of corresponding Financial Year 2015-16.
The Assistant Collector told CT that during April 16-17, the IDP processed 257 dutiable GDs while it cleared 298 dutiable containers of imported goods. During April, the IDP received Rs333.874million whereas it did Rs221.743million during corresponding FY2015-16. The IDP surpassed with Rs112.11million against the collection of the same period of corresponding FY15-16.
During March 2016-17, the IDP processed 237 GDs while it cleared 263 import dutiable containers whereas the IDP generated Rs302.931million of CD and it did Rs193.958million during the same period of corresponding FY2015-16. The IDP surpassed the revenue collection of March16-17 with Rs9.15million of CD against the same period of corresponding FY2015-16.
