KARACHI: The three main collectorates of Pakistan Customs, i.e. Model Customs Collectorate of Appraisement-East, Model Customs Collectorate of Appraisement-West and Model Customs Collectorate of Port Muhammad Bin Qasim have collected a total revenue of Rs 144,558.99 millions all together during the third quarter of the current fiscal year i.e. January to March, 2014.
MCC-Port Qasim stayed on top among all three collectorates in collecting revenue during the period. MCC-Port Qasim collected total revenue of Rs 53,027.63 million in the 3rd quarter of the FY 2013-14. MCC Appraisement-East collected Rs 46,027 million and MCC Appraisement-West collected revenue of Rs 45,504.36 million during the period from January to March, 2014.
During the last month of the 3rd quarter of the current fiscal year, MCC-Appraisement-West collected revenue of Rs 17,908.02 million in share of customs duty, sales tax, additional sales tax, federal excise duty and income tax. The collectorate generated revenue of Rs 9,003.82 million in share of customs duty; Rs 6,041 million in share of sales tax; Rs 456 million in share of additional sales tax; Rs 85.35 millions in share of FED; and collected revenue of Rs 2,320.87 million in share of income tax.
When asked about the revenue targets set by FBR for the month of March, 2014, Additional Collector of MCC Appraisement-West Dr Iftikhar Ahmed said that the FBR revised the revenue targets set for the third and fourth quarters.
Similarly, in the month of March, MCC-Port Muhammad Bin Qasim collected Rs 16,272.36 million. MCC-Port Qasim has collected revenue of Rs 4,147.08 million in share of customs duty against its target of Rs 4,597.46 million; collected the revenue of Rs 9,858.39 million in share of sales tax against target of Rs 12,580.13 million; collected the revenue of Rs 176.44 million in share of FED surpassing its target of Rs 168.30 million; and collected Rs 2,090.45 million in share of income tax against its set target of Rs 3,309.27 million.
MCC Appraisement-East collected revenue of Rs 15,694.45 million in the month of March, 2014. The collectorate has collected revenue of Rs 4,341.67 million in share of customs duty against its target of Rs 4,335.46 million; generated revenue of Rs 8,954.29 million in share of sales tax and surpassed its target of Rs 5,569.74 million; collected revenue of Rs 2,209.49 million in share of withholding tax against the set target of Rs 2,454.73 million; and collected the revenue of Rs 189 million in share of FED surpassing its set target of Rs 68.80 million.
