QUETTA: The Customs authorities have surpassed revenue collection target of outgoing fiscal year 2016-17 by Rs678 million.
Quetta Customs was assigned revenue target (in all taxes) of Rs15.41 billion for FY 2016-17 and its collection stood at Rs16.08 billion as on June 30, 2017.
Revenue analysis of the last three financial years indicates that the revenue collection in fiscal year 2016-17 was phenomenal. Total taxes collected by MCC Quetta in 2013-14, 2014-15, and 2015-16 stood at Rs4.188 billion, Rs6.97 million and Rs13.941 billion respectively. Fiscal year 2016-17 witnessed landmark collection of Rs16.088 billion.
Tax-wise break-up indicates that the Customs Duty during FY 2016-17 jumped to Rs5.693 million, Sales Tax to Rs6.953 billion, Withholding tax to Rs2.552 million and FED to Rs 270 million.
The revenue realized on account of disposal/auction of seized/confiscated goods showed remarkable growth over the previous three years. From Rs197 million in FY 2013-14, it rose to Rs328 million by 2014-15 and Rs1.113 billion in FY 2015-16 to Rs1.360 million during FY 2016-17.
This colossal tax collection has been made possible thanks to the administrative measures taken by the Collectorate headed by Collector Dr M Saeed Khan Jadoon.
Some of the key measures include increased checks on clearances at customs stations, reinvigorated enforcement efforts in co-ordination with Frontier Corps Balochistan, Balochistan Police and Provincial government, strengthening of Customs check posts, efficient and speedy disposal of seized goods and vehicles through auctions, among others.
