ISLAMABAD: The Model Customs Collectorate Islamabad generated surplus revenue of Rs708.02million against the proportional revenue target of all duties and taxes during three months and 15 days (1st July to 15th October) Financial Year 2017-18.
According to details explained by Acting Additional Collector Shahid Jan while talking to Customs Today that, during above said period, the collectorate earned Rs4337.49million as all duties and taxes while it was assigned a proportional revenue target of Rs3629.47million under all heads. During the 1st of July to 15th of October, the Islamabad Collectorate received an increase of 19.51 percent growth against the assigned revenue target and the collectorate showed 28.92% growth against the revenue collection during the same period of corresponding FY16-17.
Shahid jan stated that the collectorate collected Rs257.48million surplus revenue against the allocated proportional target of all duties and taxes during initial 15 days of October Financial year 2017-18. The collectorate was earmarked Rs511.40million revenue target for initial 15 days of October FY17-18 against the collection of Rs788.88million as all taxes. In that way, the Islamabad Collectorate increased its collection by 50.35% against the allocated proportional target and the collectorate showed the growth of 71.59% against the revenue collection during the same period of corresponding year 2016-17 as all duties and taxes.
