ISLAMABAD: The Federal Board of Revenue has assigned Rs3537.84million of all duties and taxes to the Model Customs Collectorate Islamabad for second quarter Financial Year 2017-18.
According to details given by Collector Dr. Saeed Khan Jadoon of the Model Customs Collectorate (MCC) Islamabad that Customs Collectorate of Islamabad is expected to meet its allocated revenue collection targets under all the heads during 2nd Quarter (October to December) FY17-18 as it has already exceeded the revenue collection target during the 1st Quarter of FY17-18.
The Islamabad Collectorate has been earmarked the collection target of Rs1508.60million under the head of Customs Duty for 2nd Quarter FY17-18 whereas it has been allocated the revenue collection target of Rs1204.39million of Sales Tax (ST) for above said period.
The FBR has assigned the collection of Rs117.29million to the Collector MCC Islamabad under the head of Federal Excise Duty (FED) for 2nd Quarter FY17-18 whereas it was earmarked the revenue target of Rs707.56million of Withholding Tax (WHT) for 2nd Quarter. The Model Customs Collectorate Islamabad was allocated extra revenue collection of Rs289.07million as all duties and taxes for 1st Quarter (July to September) Financial Year 2017-18 against 1st Quarter of corresponding FY16-17.
The FBR assigned the target of Rs3118.07million to the collectorate under all the heads for July to September FY17-18 while it was done the revenue target of Rs2829.00million under the same head for the same period of FY16-17.
