MULTAN: Collectorate of Customs collected Rs2741.910 million during the month of March of Fiscal Year 2018-19.
According to available statistics, Federal Board of Revenue had assigned huge collection target of Rs4135 million under the heads of customs duty, sales tax, federal excise duty and income tax for the month of March 2019.
Multan Customs Collectorate generated Rs1405.109 million under the head of customs duty in the month of March against the assigned revenue task of Rs.1424 million. The Collectorate collected 99 percent assigned revenue task during March. The Collectorate received higher customs duty than the previous months of the fiscal year due to notable performance of the Multan Customs.
The Collectorate was able to collect Rs1160.137 million during the corresponding period of March 2018. The Collectorate witnessed growth in collection of customs duty due to their dynamic strategy and on time clearance of the import batches cleared from Multan Dry Port.
The Collectorate has collected Rs1276.710 million under the head of sales taxes against the assigned target of Rs2693 million throughout March. The Collectorate achieved only 47% consigned task in March. The Collectorate could not meet the revenue collection task of sales taxes due to slight decline in the clearances of HSD consignments and increase in the prices of petroleum products.
Multan Customs collected Rs23.926 million against allocated task of Rs8 million under the head of federal excise duty during March 2019. Collectorate of Multan Customs posted growth of 199% by collecting Rs15.926 million in said period of March.
It was able to collect Rs7.513 million under the head of federal excise duty during corresponding period of March 2018. The Collectorate has made revenue collection of Rs.36.160 million against Rs.10 million in wake of income taxes for the duration of March 2019. The Collectorate achieved almost 361% revenue collection under income tax head.
The Collectorate effectively collected Rs2741.910 million against the assigned revenue collection target of Rs.4135 million throughout the month of March in the ongoing fiscal year 2018-19. The Collectorate missed the revenue collection task of March due to less import clearances of High Speed Diesel from Multan Dry Port.
