ISLAMABAD: The Model Customs Collectorate Islamabad surpassed the assigned revenue collection target with Rs1692.84million under all the heads during October of Financial Year 2017-18 against the allocated target of Rs990.84million. So the collectorate earned extra revenue of Rs702million under the above same heads during October FY2017-18.
According to details explained by Dr. Saeed Khan Jadoon, Collector Model Customs Collectorate (MCC) Islamabad, that the collectorate showed outstanding performance regarding the revenue collection during above said period. The MCC Islamabad achieved its revenue target for the month of October with an average of 170.85% growth against the assigned target under all the heads.
Explaining the collection details of all the heads during October FY17-18, he said the collectorate earned Rs567.69million of Customs Duty (CD) against the allocated target of Rs465.07million. The collectorate generated surplus revenue of Rs102.65million against earmarked target of CD.
He told CT that the collectorate received Rs797.20million as Sales Tax (ST) during above said period while it was assigned the revenue collection target of Rs290.17million as ST. The collectorate got extra revenue of Rs507million against the allocated target of ST during the month of October FY17-18.
The collector informed CT that the MCC Islamabad collected Rs323.15million as Income Tax (IT) against the earmarked revenue target of Rs221.18million while it generated extra revenue of Rs102million against the allocated revenue target of IT. The collectorate received Rs4.80million of Federal Excise Duty (FED) while it was earmarked Rs14.42million as FED for the month of October FY17-18.
