MCC Appraisement-West clears 5,520 imported vehicles in Q3

KARACHI: Model Customs Collectorate (MCC) of Appraisement-West has cleared 5,520 imported vehicles in the 3^rd quarter of the current fiscal year i.e. the period from January to March, 2014, it is learnt here.

Sources in MCC Appraisement-West informed Customs Today that the collectorate has collected total revenue of Rs 3,522.43 million on import of vehicles in share of customs duty, sales tax and income tax.

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They further told this scribe that the MCC of Appraisement-West has collected Rs 2,277.87 million in share of customs duty, Rs 902.82 million in share of sales tax and Rs 341.74 million in share of income tax on import of vehicles in 3^rd quarter of the current fiscal year.

Sources revealed that the MCC of Appraisement-West has witnessed a shortfall of 60 per cent in variation of the import of vehicles as compared to the 3^rd quarter of the last fiscal year and a shortfall of 56 per cent in variation of customs duty as compared to same period last fiscal year.