MULTAN: The Customs Collectorate collected revenue of Rs4410.423 million throughout the month of January 2018-19.
According to the details, Multan Customs was assigned revenue task of Rs4113million under the heads of customs duty, sales tax, federal excise duty and income tax during January 2018-19.
Multan Customs Collectorate has collected Rs1673.59 million against Rs1297 million under the head of customs duty during July 2018-19. Multan Customs posted 29 % growths in the revenue collection of customs duty for the duration of January.
Multan Customs collected revenue of Rs1054.150 million against the allocated collection target of Rs633.36million under the head of customs duty during the corresponding period of January 2017-18.
The Collectorate of Customs collected Rs2689.633 million against assigned revenue task of Rs2780 in wake of sales tax during January 2018-19.
It collected 98% under sales tax during January. Sales tax collection has been improved during January due to its active contribution in the clearance of import shipments at the Multan Dry Port. Import clearance of High Speed Diesel was boosted due to increase in demand from Multan Customs Collectorate in January 2018-19.
On the other hand Multan Customs generated almost Rs2417.365million in terms of sales tax against the revenue target of Rs1449.91million for the corresponding period of January 2017-18.
Increase in the proportion of sales taxes by the government has also finely tuned the revenue generation during January.
Multan Customs has collected revenue of Rs.18.724 million against Rs.8 million under the head of Federal Excise Duty in January 2018-19. It collected almost 234 % revenue than assign task of Federal Excise Duty during said period. The Collectorate was able to collect federal excise duty of Rs7.395 million against Rs8.06 million in the corresponding period 2017-18.
The Collectorate collected Rs28.537 million against Rs28 million in wake of income taxes during month of January in ongoing fiscal year 2018-19.The Collectorate collected almost 102 % revenue for the first month of third quarter of current economic year 2018-19. While Multan Customs collected Rs7.649million against Rs.8.06 million under the head of Federal Excise Duty in corresponding fiscal year of January.
Multan Customs Collectorate has also collected Rs0.881 million under the head of Additional Sales taxes during January. The Collectorate has successfully accomplished all assigned revenue tasks due to effective strategy of Collector Ambreen Ahmad Tarar during January.
