KARACHI: The Model Customs Collectorate (MCC) Appraisement East, under the leadership of Collector Majid Yousfani, has collected Rs 75 billion revenue under Twenty Equivalent Unit (TEU) in the first quarter of the fiscal year 2015-16.
The FBR has assigned a target of Rs 59 billion for the first quarters; however, the MCC Appraisement East surpassed the target by 27 percent. The collectorate has collected Rs 53 billion which is a remarkable performance by the Collectorate.
The official sources told Customs Today that MCC Appraisement East under the supervision of Collector Majid Yousfani collected Rs 21.9 billion under the head of customs duty against the target of Rs 14.6 billion which is 38 percent higher than the target. The collection for the same period last year stood at Rs 15.18 billion.
At least Rs 40.461 billion were collected as sales tax against the target of Rs 32.22 billion. The collection for the same period last year was Rs 28.5 billion, sources added. Under the head of Withholding Tax, the MCC Appraisement East collected Rs 12.22 billion against the set target of Rs 10.7 billion. The collection for the same period last year remained Rs 9.6 billion, according to sources.
As far as the federal excise duty is concerned, the MCC Appraisement East collected Rs 373.19 million against target of Rs 365.44 million. The collection for the same period last year was Rs 330.42 million.
FPCCI urges FBR to extend income tax return deadline
KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has formally urged the...
