MULTAN: The Customs Collectorate has collected Rs.3044.272 million under different heads including customs duty, sales tax, federal excise duty and income tax during the month of October of Fiscal Year 2017-18.
According to the statistics available with Customs Today, the Multan Customs collected Rs.886.169 million customs duties against the assigned target of Rs836.070 million during month of October.
The Collectorate of Multan Customs has witnessed Rs50.099 million excess collections than their set target with 6 per cent increase in the collection of customs duty.
The Collectorate has collected revenue of Rs2102.398 million in share of sales tax in the month of October against its set target of Rs.2658.69 million. Multan Customs has attained the 80 percent revenue target of sales tax during October.
Similarly, Customs Collectorate Multan was assigned revenue target of Rs.14.26 million in wake of Federal excise duty and it collected Rs.32.827 million with realizing almost 80 percent collection target during said month. Multan Customs posted 130 % growth in the collection of Federal Excise Duty during October.
Multan Customs also collected Rs.22.142 million in wake of income tax during the month of October against the set target of Rs.23.39 million by attaining 94.7 % revenue collection goal.
The Customs Collectorate Multan has also generated Rs.0.736 million in wake of additional sales tax and Rs.1130.648 million in terms of petroleum development levy during October of monetary year 2017-18.
On the whole, Multan Customs has collected revenue of Rs.3044.272 million including all heads of taxes in the first month of second quarter of fiscal year 2017-18.
Multan Customs authorities have expressed satisfaction over the accomplishment of the revenue target during October and Collector Saud Imran Ahmad has directed Multan Customs staff to continue their revenue efforts for achieving revenue targets in the future as well.
