ISLAMABAD: The Model Customs Collectorate Islamabad has been assigned a revenue collection target for 2nd Quarter (October to December) 2017-18 of Rs3537.84million under the heads of all duties and taxes.
According to details given by official source of the Model Customs Collectorate (MCC) Islamabad that the MCC Islamabad has increased a little amount in assigned revenue collection target for 2nd Quarter against 1st Quarter’s target. The collectorate was allocated Rs3118.07million under all the heads for July to September FY17-18 while it was earmarked Rs2829.00million under the same head for the same period of FY16-17.
The sources told CT that, during first two months of 2nd Quarter (October and November), the collectorate was assigned respectively Rs990.84million under the head of all taxes during the month of October FY17-18 whereas it was allocated Rs1246.21million under all the heads during the month of November FY17-18. The Collectorate of Islamabad was earmarked Rs1300.79million for the month of December FY17-18 under all the heads.
Sources further said that, during 1st Q of FY17-18, the MCC Islamabad has been assigned Rs1268.89million of Customs Duty (CD), Rs1135.81million as Sales Tax (ST), Rs78.63million of Federal Excise Duty (FED) whereas assigned Rs634.74million as Income Tax (IT).
The Islamabad Collectorate was earmarked a revenue collection target under all the heads for 1st Q of FY16-17. He added that Rs1119.00million was allocated as CD, Rs1017.00million assigned of ST, Rs60.00million earmarked as FED while Rs633.00million of revenue collection target was assigned under the head of IT.
