KARACHI: Model Customs Collectorate of Port Muhammad Bin Qasim has collected revenue amounting Rs 26,480 million by the end of June, 2014 against its target of Rs 36,759 million set by the Federal Board of Revenue for the last month of the Fiscal Year 2013-14.
MCC Port Qasim despite all out efforts in order to meet the revenue target for the month of June, 2014 has fallen short by the Rs 10,279 million in the month.
According to the statistics, MCC Port Qasim has collected revenue of Rs 6,500 million in share of customs duty against the target of Rs 8,640 million with a shortfall of Rs 2,140 million.
The collectorate has collected an amount of Rs 16,852 million in share of sales tax against the target of Rs 23,414 million, witnessing revenue shortfall of Rs 6,562 million by the end of the last month of fiscal year 2013-14.
The collectorate has collected revenue amounting Rs 2,848 million in share of income tax in the month of June 2014 as compared to the target of Rs 4,350 with the shortfall of Rs 1,502 million.
MCC Port Qasim has collected a sum of Rs 280 million in share of federal excise duty against set target of Rs 355 million with the shortfall reaching Rs 75 million.
It is pertinent to mention here that the trend of shortfall continued through the last quarter. Model Customs Collectorate of Port Qasim had collected revenue of Rs 22,612.9 million with a difference Rs 10,995 million against the target of Rs 33,608 million for the month of May.
As per statistics, MCC Port Qasim collected the revenue of Rs 4,880.15 million in share of customs duty against the target of Rs 8,790 million with the massive shortfall of Rs 3,909.9 million.
Similarly, the collectorate managed to collect the revenue of Rs 14,861.45 million in share of sales tax against the set target of Rs 20,300 million with a difference of Rs 5,438.6 million.
MCC Port Qasim collected the revenue of Rs 207.6 million in share of federal excise duty against the target of Rs 288 million with a shortfall of Rs 80.4 million, while it has collected the revenue of Rs 2,663.7 million in share of income tax against the target of Rs 4,230 million with shortfall reaching Rs 1,566.3 million.
It may be mentioned here that the Model Customs Collectorate of Port Muhammad Bin Qasim had collected an amount of Rs 20,255.5 million against the target of Rs 30,719 millions, set by FBR in the month of April 2014.
The Collectorate collected an amount of Rs 4,170.2 million in share of customs duty against the target of Rs 7,709 million with a difference of Rs 3,538.8 million in April, 2014.
It collected revenue of Rs 13,643.4 millions in share of sales tax against the set target of Rs 19,700 million with a shortfall of Rs 6,056.6 million.
However, MCC Port Qasim collected revenue of Rs 220.5 million in share of federal excise duty against the target of Rs 220 million with an increase of Rs 0.5 million in April, 2014.
The Collectorate managed to collect a sum of Rs 2,221.5 million in the share of income tax against the target of Rs 3,090 millions with a shortfall of Rs 868.6 million.
