MULTAN: The Model of Customs Collectorate has surpassed the revenue collection for outgoing month, March by Rs 2.056 billion under the heads of income tax, sales taxes and federal excise duty.
The Federal Board of Revenue (FBR) assigned the target of Rs 3.205 billion to the Multan Customs that collected Rs 5.261 billion showing exceptional performance during the said period. The collectorate exceeded the target by 64 percent.
It collected Rs 656.308 million as customs duty against the assigned target of Rs 709.08 million and achieved the target up to 93 percent, which is still more than the corresponding period of last year.
Under the head of sales tax, it collected Rs 3.605 billion against the target of Rs 2.454 billion and surpassed it, while, it generated Rs 22.768 million in wake of FED against the set target of Rs 19.58 million.
The FBR assigned target of Rs 21.780 million under the head of income tax for March but it could collect Rs 16.813 million, while collecting Rs 1.039 million as additional sales tax and Rs 959.54 million as petroleum development levy. It may mention here that the Multan Customs collected Rs 3.659 billion during same period of last year.
Officials said that the revenue collection increased due to extra efforts made by the high ups and staff, adding that it was also made possible due to provision of better facilities to importers like reduced time for the clearance of import consignment. The Multan Customs officials were extending facilities to clients through improved services at the Multan Dry Port, besides discouraging under invoicing to generate more revenue through promotion of legitimate trade.
