MULTAN: The Customs Collectorate has surpassed the assigned revenue collection by accumulating Rs.3301.568 million against Rs3146.69 million for the month of February of existing economic year 2017-18.
According to well-placed sources of Customs Today that the Collectorate has collected Rs1001.804 million against Rs.886.310 million revenue task and Collectorate has attained 113% customs duty revenue target under the supervision of Collector Ambreen Ahmad Tarar during the month of February 2017-18.
Multan Customs has made collection of Rs2271.932 million alongside allocated target of Rs2213.810 million under the head of sales taxes for on-going month of February. The Collectorate has successfully attained assigned sales tax collection due to rise in the prices of High Speed Diesel (HSD) locally and worldwide.
It posted more than 2 percent growth due to import clearances from Multan Dry Port during February in the revenue collection of Sales taxes. The sale taxes collection depends upon the clearances of High Speed Diesel consignments cleared through Multan Dry Port. As Import of the Multan Customs comprises of 97% import clearances of High Speed Diesel and sale taxes collection has been witnessing rise in the collection due to massive clearances of High Speed Diesel in the current fiscal year 2017-18.
Multan Customs has collected Rs.11.783 million under the head of federal excise duty (FED) against the set target of Rs.22.572 million during the February of the fiscal year 2017-18.Similarly, Model of Customs Collectorate Multan has collected Rs.15.157 million against the set target of Rs21.97 million under the head of Income Taxes for the duration of February.
The Customs Collectorate Multan has also collected Rs.0.892 million in wake of additional Sales tax during February. Meanwhile Collectorate of Multan Customs has overall collected Rs.3301.568 million against Rs.3146.69 million during the period of February 2017-18.
