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Peshawar Customs exceeds revenue collection target of FY2016-17

byNadir Khan
05/07/2017
in Latest News, National, Slider News
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PESHAWAR: The Customs Collectorate made a total of Rs2348.77 million revenue collections in June  2017 against Rs1926.58 million of previous June 2016 with total difference of Rs422.19 million while the difference in percentage was noticed 21.91 percentage showing remarkable improvement as compared to the previous year.

According to Peshawar Customs House in head of customs duties for the month of June 2017 Rs1182.32 million rupees collected, against previous June 2016 which were Rs941.58 million showing difference of 25.57 percent while the difference in rupees was recorded Rs240.74 million.

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In head of sale tax on import, the Customs House collected Rs541.52 million against Rs501.72 million of June 2016 figures having difference of 39.80 million while the difference in percentage was 7.93 percent.

Likewise in head of sale tax levied as federal excise duty (FED) on palm oil, the Customs House collected Rs187.44 million in June 2017 against Rs165.51 million of June 2016. The difference in percentage was 13.25 while the difference in rupees was noticed Rs39.80 million.

In head of sales value addition on commercial importers the Customs House collected Rs71 million in June 2017 against Rs60.32 million having deference of Rs10.93 million while the difference in percentage was 18.12 percent.

In term of federal excise duty on imports the Customs House collected Rs20.81 million in June 2017 against Rs19.33 million of the previous year of this month with difference of minus Rs1.48 million while the difference in percentage was minus 7.66 percent.

In head of withholding tax the house collected Rs345.43 million against the previous year of June 2016 which was Rs238.12 with difference of 107.31 million while the difference in percentage was Rs45.07 million.

The overall performance of the house was satisfactory in June as in all sectors the Customs House demonstrated increase in the collector of revenue as compare to the previous years. Despite border management and skirmishes the performance of the MCC Peshawar was greatly encouraging.

 

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