ISLAMABAD: The Islamabad Dry Port (IDP) generated Rs62.905million of Customs Duty (CD) during seven days of October Financial Year (FY) 2017-18.
According to details explained by Tahir Khattak, Deputy Collector IDP, while talking with CT that, during first seven days, the IDP showed satisfactory performance. The IDP assigned revenue collection target of Rs261.64million to Islamabad Dry Port for October FY-1718. He assured the authorities concerned of meeting the allocated target easily if it earns Rs10.00million per day under the same head during the rest of 20 working days of the current month.
He feared that the IDP’s business may suffer due to newly imposed Sales Tax (ST) on foreign origin fabric but overall performance will be OK. During the month of September FY17-18, the IDP received Rs232.605million of CD while it was earmarked the target of Rs271.60million. The IDP generated surplus revenue of Rs38.995million against the set revenue target under the same head during September FY17-18.
Khattak told CT that, during the month of August FY17-18, the IDP collected Rs274.699million of revenue under the head of CD while it was allocated the revenue target of Rs271.74million under the same head. During the month of August FY17-18, the IDP surpassed the revenue target with an amount of Rs2.959million as CD.
Deputy Collector told CT that the IDP will not only achieve the assigned revenue collection target for the 2nd Quarter of FY17-18, but also surpass the target, especially under the head of CD.
