ISLAMABAD: The Customs Collectorate is showing exemplary performance and is all set to make a record collection during current Fiscal Year 2017-18.
While exclusively talking to Customs Today, Additional Collector Customs Collectorate Mohammad Ashfaq has expressed his enthusiasm and said that the Collectorate will surpass the assigned target for the Fiscal Year 2017-18.
The Collectorate is all set to make a record through a well-planned strategy, recovery plan and enforcement measures. This success story disclosed that the Collectorate’s persistent efforts to recover unpaid amount of duties and taxes and speedy clearance of imported consignments at port and airport also contributed to revenue collection.
Meanwhile, the anti-smuggling activities played a key role in seizure of luxury vehicles, narcotics and miscellaneous consignments which resulted in contribution of revenue to the national exchequer. Another important factor which contributed in surpassing the assigned targets was the speedy finalization of pending cases at ports and auction of seized goods, said the additional collector MCC Islamabad.
The additional collector further said that till May 31 of this current fiscal year, the Collectorate collected total taxes of Rs19,216.17 million against the assigned target of Rs13,340 million. The percentage is clearly identified that the Collectorate has already outdone the assigned target.
The additional collector said that under the head of sales tax, the Collectorate hit the 195.66% while collecting Rs8,851 million against the Rs4,523 million which showed the record collection during the current fiscal year.
Meanwhile, the data revealed that extra positive trend has been observed in collection of customs duty (CD), sales tax (ST), federal excise duty (FED) and withholding tax (WHT) by MCC Islamabad during current fiscal year.
Islamabad Collectorate is committed to not only achieving its annual target of customs duty, sales tax and FED but also made serious efforts to surpass with a huge margin of all federal taxes collection at import stage during FY 2017-18.
Furthermore, the Customs Collectorate has collected Rs14.47 billion during 2016-17 against the assigned target of Rs14.7 billion, reflecting achievement of almost 99 percent of the assigned target while during the current fiscal year, the Collectorate is already surpassing the assigned target by achieving Rs19,216.17 million.
It is also important to mention here that MCC Islamabad has intensified efforts to increase revenue collection through a well-planned strategy, recovery plan and enforcement measures by the customs officials headed by Collector MCC Islamabad.
Besides anti-smuggling actions, enforcement/recovery, the speedy clearance of imported consignments at port and airport will also contribute in revenue collection of the said Collectorate. The MCC Islamabad has also given priority to the auction of goods in a transparent manner. At the same time, facilitation of passengers has also been given priority at the airports.
