Islamabad Customs generates Rs4980m extra revenue even before three months of target

ISLAMABAD: The Model Customs Collectorate (MCC) Islamabad earned Rs4980million more revenue during first three quarters of the year starting from July to March FY17-18 than an assigned revenue target.

This has been stated by Saiqa Abass, Assistant Collector, Model Customs Collectorate (MCC) Islamabad, while giving an exclusive interview to Customs Today.

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During first eight months and three weeks of FY17-18, the MCC Islamabad showed outstanding performance by surpassing the annual target within first three quarters of the annual four quarters, she explained.
She said the annual target of the collectorate is Rs15559.23million revenue while Rs10656.75million was the assigned target for three quarters of the whole year. It earned Rs15637.24million under all the heads during July to 21^st of March FY17-18. About Rs10656.75million revenue target is for three quarters. She added that the MCC Islamabad achieved 146.74% increase by collecting a revenue collection from January to March 21, FY17-18 against an allocated revenue target up to March FY17-18. She told CT that the MCC Islamabad attained 101% growth during said period against an earmarked annual revenue target under all the heads.
Assistant Collector further said that the MCC Islamabad earned Rs6845.85million of Customs Duty (CD) for FY17-18 whereas it was assigned Rs4468.79million under the same head upto March FY17-18 while the MCC Islamabad received Rs5345.00million during July to 21st of March FY17-18. The MCC showed 119.61% revenue hike during July to 21st of March FY17-18 against a target of first three quarters whereas MCC achieved 78% increase against an allocated revenue target for the entire FY17-18 under the head of CD.
Saiqa Abass said that the MCC Islamabad was earmarked Rs5276.84million revenue collection target for FY17-18 under the head of Sales Tax (ST) while MCC was allocated Rs3689.74million under the same head up to March FY17-18. She added that the MCC got Rs7328.89million of ST during July to 21^st of March FY17-18 against an assigned revenue target for first three quarters as well as annual target of FY17-18. The MCC showed 96.60% performance against a revenue target up to March FY17-18 whereas it achieved 139% growth against an earmarked annual target of FY17-18.
The MCC Islamabad was allocated Rs512.64million of Federal Excise Duty (FED) for FY17-18 whereas it was assigned Rs419.97million under the same head for first three quarters of FY17-18 while the MCC collected Rs409.88million under the same head during July to 21^st of March FY17-18. The MCC posted 122.87% achievement against an earmarked target up to March whereas MCC achieve 80% revenue performance against an allocated annual revenue collection target.
Assistant Collector MCC Headquarters Islamabad informed Customs Today that the MCC was assigned Rs2923.90million as Income Tax (IT) for FY17-18 whereas it was assigned Rs2078.25million under the same head for July to March FY17-18 while MCC generated Rs2553.47million under the same head during July to 21^st of March FY17-18. The MCC showed 122.87% revenue performance against an earmarked target by March FY17-18 under the head of IT while it displayed 87% growth against an allocated revenue collection target for the whole FY17-18 under the head of IT.