ISLAMABAD: The Model Customs Collectorate Islamabad received surplus revenue of Rs67.43million as all duties and taxes during the first 20 days of October Financial Year 2017-18 against the monthly assigned revenue target under the same head.
According to details given by Dr. Saeed Khan Jadoon, Collector Model Customs Collectorate (MCC) Islamabad, that the Customs Collectorate Islamabad showed 106.81% increase under all the tax heads during initial 20 days of current month (October FY17-18) against the allocated revenue target.
The collectorate showed outstanding performance in collection of Sales Tax during 20 days against the earmarked revenue target with the achievement of 273% growth against the assigned target for the whole month.
During the first 20 days of October FY17-18, the collectorate earned surplus amount of Rs41.51million of Customs Duty (CD) against the allocated proportional (1st to 20th October Fy17-18) revenue target. He said the MCC Islamabad collected Rs341.56million as CD against the earmarked proportional revenue target of Rs300.05. The collectorate generated Rs235.53million during the first 20 days of October FY16-17 under the same head.
Saeed Khan said that, during initial 20 days of October FY17-18, the Collectorate of Islamabad collected Rs323.31million additional revenue under head as Sales Tax (ST) against the assigned proportional revenue target of Rs187.21million for said period. The collectorate earned Rs220.35million extra revenue of ST during the first 20 days of October FY17-18 against the monthly earmarked target of Rs290.17million. The collectorate received Rs510.52million in initial 20 days against above said monthly target of ST for October FY17-18. The collectorate generated Rs212.04million as ST during 20 initial days of October FY16-17, collector said.
The collector informed CT that, during the first 20 days of October FY17-18, the collectorate got Rs202.0million of Income Tax against the allocated target of Rs142.70million while, during said period, the MCC Islamabad earned Rs3.90million as Federal Excise Duty (FED) against the earmarked target of Rs9.30million of FED for the first 20 days of October FY17-18.
