KARACHI: The Model Customs Collectorate Port Muhammad Bin Qasim has collected Rs 21.696 billion under different heads, including customs duty (CD), sales tax (ST), federal excise duty (FED) and income tax (IT) during March of current fiscal year 2014-15.
The collectorate has surpassed the set target of Rs 18.816 billion by a surplus of Rs 2.879 billion during March.
As per the available statistics, Port Muhammad Bin Qasim collected Rs 6.413 billion in share of customs duty (CD) against its set target of Rs 5.231 billion in the month of March 2015 with an increase of Rs 1.182 billion.
The collectorate has collected an amount of Rs12.371 billion in wake of sales tax (ST) against its set target of Rs 11.119 billion with an increase of Rs 1.252 billion.
Similarly, the collectorate collected an amount of Rs 254.69 million in share of FED in the month of March 2015 against its set target of Rs 193.21 million with an increase of Rs 61.48 million.
The Port Muhammad Bin Qasim collected Rs 2.656 billion in share of income tax (IT) crossing its set target of Rs 2.272 billion by Rs 384.22million.
Sources informed Customs Today that Port Muhammad Bin Qasim Collector Surriya Butt has asked the officers and officials of the collectorate to ensure achieving the revenue targets and take effective steps in this regard.
It is pertinent to mention here that it is a first time that Port Muhammad Bin Qasim has surpassed the revenue targets in all heads including CD, ST, IT and FED, which is an open evidence that the polices and guidelines issued by Port Muhammad Bin Qasim Collector Surriya Butt are being followed by the authorities concerned of the collectorate.
It may also be mentioned here that in the first two months of the third quarter, MCC Port Muhammad Bin Qasim was reportedly lagging behind in revenue targets set by the FBR.
