ISLAMABAD: Model Customs Collectorate (MCC) Gwadar has made tax collection of Rs 8.4 billion during first half of the current fiscal year against assigned target of Rs 3.5 billion, showing a growth of 236.47 percent.
Sources said that Federal Board of Revenue has received the performance report of the MCC Gwadar for the first half of the ongoing fiscal year, showing a remarkable growth due to intensified anti-smuggling efforts near Pak-Iran border, interception of Afghan Transit Trade smuggled goods and constant interception of smuggled vehicles carrying smuggled POL products and other items.
MCC Gwadar has been able to successfully control smuggling along the coastal areas of Balochistan. The interesting aspect of the data is that growth in collection has been witnessed despite law and order situation in Balochistan and constant security threats to Customs functionaries operating in the said area. Taxation authorities have taken notice of this exceptional growth of MCC Gwadar under current import trends where other MCCs are trying to achieve the targets.
Break-up of tax collection revealed that the customs duty collection stood at Rs 138 million against Rs 177 million, reflecting achievement of 80 percent of the target. Sales tax collection amounted to Rs 6395.02 million against 2780.26 million, showing increase of 230 percent. The collection of withholding tax totalled at Rs 1951.58 million against Rs 629.49 million. The collection of the federal excise duty (FED) was Rs 1.27 million against Rs 1.82 million. As against the corresponding period of last fiscal year (2012-13), MCC Gwadar achieved 164.20 percent growth by collecting Rs 8486.58 against last year’s collection of Rs 3212.13 million, according to data.
