ISLAMABAD: The Islamabad Dry Port (IDP) will achieve its Customs Duty target during June of Financial Year FY2016-17. The revised target has almost been doubled against the allocated target of last year (June-2015-16). The IDP has assigned the revised revenue target of Rs487million for June FY16-17. The IDP surpassed the revenue collection during May 20 16-17 with an additional amount of Rs46.561million against the collection of the same period of corresponding Financial Year 2015-16. It generated Rs381.439million during May 16-17 whereas it did Rs328.00million during the same period of corresponding Financial Year 2015-16.
This was stated by Assistant Collector Amanat Khan while giving an exclusive interview to Customs Today.
He said the Islamabad Dry Port has been facing some trouble during the month of May FY2016-17 due to a 10-day strike of truckers at Karachi but now the loss has been recovered after the end of strike. Now containers start reaching the IDP.
During July to May FY2016-17, the IDP filed 2,651 dutyable Goods Declarations (GDs) whereas the IDP processed 2,920 containers during said period, he added. The IDP received Rs3170.00million Customs Duty (CD) during July to May 2016-17 against the assigned revenue of Rs2924million, he said. During the 11 months of current Financial Year 2016-17. The IDP surpassed the revenue target with an amount of Rs246.00million and it got Rs2382million during the same period of corresponding Financial Year 2015-16.
The IDP processed 325 dutiable GDs during May FY2016-17 whereas it cleared dutiable containers during May of 376 numbers. The IDP collected Rs381.439million during May 16-17 whereas it did Rs328.00million during the same period of corresponding Financial Year 2015-16. The IDP went surplus with the collection of Rs46.561million against the collection of the same period of corresponding Financial Year 2015-16, he explained.
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 was generated Rs333.874million whereas it did Rs221.743million during corresponding FY2015-16. The dry port stayed surplus with an amount of Rs112.11million against the collection of the same period of corresponding FY2015-16.
During the month of March 2016-17, the IDP processed 237 GDs while it cleared 263 imported dutiable containers whereas the port received Rs302.931million CD and the IDP got Rs193.958million during the same period of corresponding FY15-16, Amanat Khan further said.
The IDP surpassed the revenue collection of March16-17 with an amount of Rs9.15million under the head of CD against the same period of corresponding FY15-16.
Under the guidance of Chief Collector North Sarwat Tahira Habib and Dr. Arslan, Collector Model Customs Collectorate Islamabad, the IDP is providing business friendly environment to the business community and the staff of the IDP always stays eager to facilitate the business community and trade associations and chambers, he said with a pride.
