MULTAN: The Model of Customs Collectorate surpassed revenue collection target of November 2016 by Rs 1,986 million, as it collected Rs 5,721 million against the set target of Rs 3,735 million.
The Multan Customs was assigned customs duty target to the tune of Rs 593 million and it collected Rs 1,007.908 million during the said period and witnessed 70 percent growth in collection of customs duty. It was able to collect Rs 948.147 million as custom duty during the same period of the last fiscal year 2015-16.
The Model of Customs Collectorate Multan has collected amounting Rs.2979.190 million of Sales taxes against the assigned collection target of Rs.3115 million for November of the on-going fiscal year 2016-17.The Collectorate has achieved almost 96 % of the assigned collection target of Sales tax in November. But Multan Customs has collected Sales tax of Rs.3416.439 million during the November of the previous fiscal year 2015-16.
During November 2016, it generated Rs 26.506 million as federal excise duty (FED) against the target of Rs13 million and surpassed its target by 104 percent. During November 2015, the Multan Customs collected Rs 11.818 million as FED.
The collectorate collected Rs 17.576 million in wake of income tax against Rs 14 million and surpassed its target. Whereas, it collected Rs 12.818 million as income tax during November of last year.
Under the head of additional sales tax and petroleum development levy, it generated Rs 14.227 million and Rs 1,675.690 million respectively during November 2016.
Officials said that increase in clearance of imported consignments through Multan Dry Port and Air Freight Unit (AFU) has given boost to the revenue collection during the said period.
