ISLAMABAD: The Islamabad Dry Port has been assigned a revenue collection target of Rs326million of Customs Duty for the month of January Fiscal Year 2017-18.
Tahir Iqbal Khattak, Deputy Collector Islamabad Dryport (IDP), notified CT that the IDP received a pending payment of Rs2460million from NADRA which includes Rs960million as Customs Duty (CD) whereas Rs1500million was received under the head of Sales Tax during the month of December FY17-18.
Tahir said the allocated revenue collection target has been easily chaseable. The IDP has already chased January FY17-18 CD target during a previous month of December FY17-18 with two-time extra revenue collection against an earmarked target. The IDP has already surpassed the very next quarter (3rd quarter) target too in advance with the collection of extra revenue of Rs2534.382million in first two quarters under the head of CD.
The Deputy Collector told the correspondent that the IDP generated Rs985.212million more revenue than assigned revenue target for the first six months of FY17-18. The IDP also exceeded the target of the same corresponding period of FY16-17 with an extra amount of Rs994.35million.
During the first six months of FY17-18, the IDP collected Rs1276million as CD against an allocated target of Rs303million. The IDP earned Rs244.321million during the month of November FY17-18 while it was earmarked a target of Rs277.19million.
He told CT that the popular imports during the first two quarters have been of foreign origin fabrics and old and new spare-parts. He added that the IDP has been focussing on the proper examinations and valuations throughout the half quarter of the current Financial Year 2017-18 and will also maintain them during the coming months.
