PESHAWAR: The net taxes collection for the month of March 2017 in respect of Model Customs Collectorate Peshawar poses a difference of 28.07 percent as compared to the duties collected by the MCC Peshawar during March 2016.
The MCC Peshawar collected net amount of Rs1510.76million last year in March while in current year it collected net amount of Rs1086.74million with a difference of Rs424.02million as compared to the collection of custom taxes in March 2016.
The sources told Customs Today on Tuesday at the MCC Peshawar that Rs241.76million were collected as Sales Tax on Imports while the amount was Rs 378.84million last year in the month of March.
It shows a difference of Rs137.08million. The net total becomes 36.18 percent of difference in the collections for the month of March 2017 as compared to the collections of MCC Peshawar during the last year in March.
The MCC Peshawar received Rs18.50million Federal Excise Duty while the amount was Rs20.42million last year in March.
There has been 9.40 percent decline in the rate of collections while there is a difference of Rs1.92million in the collections of duties by MCC Peshawar.
The MCC Peshawar collection as customs duties give net figure of Rs418.88million in March 2017 while there is 21 percent decline as compared to Rs532.67million in March 2016 which poses a difference of Rs133.79million to the collections of duties by the MCC Peshawar.
The amount collected through Sales Tax from importers was Rs32.28million during the month of March 2017 as compared to the values of previous year in March which is Rs44.17million with a net difference of 11.89 percent and a total of Rs26.92million difference in the amount of collection duties by the MCC Peshawar.
The amount collected during March 2016 through imposition of F.E.D on imports was Rs20.42million whereas a net difference of 9.40 percent and Rs1850million were collected by the MCC Peshawar as duties on imports last year in March.
The net difference in the collection of F.E.D becomes Rs1.92million in the collections by the MCC Peshawar.
The sources added that the MCC Peshawar collected Rs194.40million duties on behalf of the A.I.T/WHT whereas the amount was Rs355.47million in March 2016 with a total of Rs45.31 percent difference in the revenue generated by the section.
The total of Rs1109.94million as gross duties was collected in the Month of March by MCC Peshawar till 4th of April whereas the amount was Rs1514.96million last year.
There was a noticed difference of Rs405.02million and a gross total of 26.73 percent decline in the collection of duties with regard to the figures of last year released by the MCC Peshawar.
