MULTAN: Collectorate of Customs collected Rs1394.656 million in the wake of petroleum development levy (PDL) during the month of February of ongoing Fiscal Year 2018-19.
Sources told Customs Today that Multan Customs collected PDL on the clearance of High Speed Diesel from Oil Marketing Companies (OMCs) clearing their shipments through Multan Dry Port. The Collectorate receives 98 percent of its revenue collection through the clearance of High Speed Diesel and other petroleum products from the PARCO oil refinery located in the jurisdiction of Multan of Mahmood Kot near Muzaffargarh.
The Collectorate collected all taxes from oil marketing companies including customs duty, sales tax, federal excise duty (FED), income tax (IT), additional sales taxes, petroleum development levy from oil marketing companies at the time of ex-bonding clearance from Multan Dry Port.
The Customs collected Rs1394.656 million from the petroleum development levy during the months of February of current financial year 2018-19. Multan Customs Collectorate has observed a boost in the collection of petroleum development levy in the last few months as compared to corresponding year 2017-18 in which it made collection of Rs1125.962 million.
Multan Customs has collected excess revenue of almost Rs.268.732 million in Petroleum Development levy during February. The Collectorate of Multan Customs has made collection of almost Rs.10559.656 million in wake of Petroleum Development levy during the first eight months of the current fiscal year 2018-19.
