KARACHI: Model Customs Collectorate (MCC) of Appraisement (West) has collected Rs 45,611 millions in share of customs duty, sales tax, withholding tax and federal excise duty by the end of second quarter of fiscal year 2013-14 on December, 31 against the target of Rs 65,402 million.
According to details, MCC-Appraisement (West) has collected a sum of Rs 17,468 million in share of customs duty against the target of Rs 26,469 million.
The Collectorate has collected Rs 19,952 million in share of sales tax by the end of second quarters of FY 2013-14 against the target of Rs 28,386 million set by Federal Board of Revenue.
MCC-Appraisement (West) has a shortfall of Rs 2,339 million in terms of collection of withholding tax by the end of second quarter, as the collection under the head of withholding tax was Rs 7,859 million, while the target stood at Rs 10,198 million.
The Collectorate has collected a sum of Rs 332 million in share of federal excise duty against the target of Rs 349 million by the end of second quarter of FY 2013-14.
Similarly, MCC-Appraisement (West) previously collected a sum of Rs 17,802 million in share of customs duty against the target of Rs 24,554 in the first quarter (July to September, 2013) of the current fiscal year.
It has also fallen short of collecting sales tax in the first quarter of the current fiscal year, as it has collected Rs 19,586 million against the target of Rs 27,188 million.
MCC-Appraisement (West) collected an amount of Rs 8,120 million in share of withholding tax against the target of Rs 10,238 million, set by FBR in the first quarter of the current fiscal year.
The Collectorate has also failed to achieve the federal excise duty target in the first quarter and collected Rs 281 million against the target of Rs 401 million.
When contacted, the Collector MCC-Appraisement (West) Muhammad Saleem informed Customs Today that the imports were being decreased in the current fiscal year due to the economic crunch and an increase in US dollar rate against the national currency.
He further said that the target set by FBR in the FY 2013-14 was 31.5 per cent more as compared to FY 2012-13, however, volume of imports has decreased by 4 per cent.
