ISLAMABAD: The Customs Dry Port Islamabad earned less revenue of Rs31million of Customs Duty than an assigned proportional revenue target for initial nine days of November Financial year 2017-18. The Islamabad Dry Port was earmarked revenue target of Rs83.10million while it generated Rs52.10million.
According to details explained by sources of the Islamabad Dry Port (IDP) that, due to imposition of Regulatory Duty (RD) of around 2% to 80% on various imported items, the performance has declined under the head of Customs Duty during initial nine days of November FY17-18. During said period, the IDP achieved 18.79% average growth against the monthly allocated revenue target as CD.
The IDP was assigned revenue collection target of Rs277.19million of CD. During the last November FY16-17, the dry port received Rs285.858million revenue as CD against the earmarked target of Rs245million as 295 containers of imported goods were cleared.
During initial 10 days of corresponding November of Financial Year 2016-17, the IDP earned Rs100.33million against allocated revenue target of CD.
