ISLAMABAD: Saeed Khan Jadoon, Collector Model Customs Collectorate Islamabad, is optimistic about receiving a surplus revenue during 2nd Quarter Fiscal Year 2017-18. He appreciated the judgment of the Federal Tax Ombudsman (FTO) on the release of half-cut and body-cut spare-parts whose Import General Manifesto (IGM) was cleared before the implementation of new economic policy of Financial Year 2017-18.
The Collector Model Customs Collectorate Islamabad stated this while giving an exclusive interview to Customs Today.
He said his sympathies are with the importers whose goods have been stuck at the Islamabad Dry Port for the last seven months. He added that the FTO has indorsed the decision of the Lahore High Court which is justified. He said the FTO’s decision permitted those importers to lift their consignments whose IGMs were processed before the 1st July 2017.
He remarked that some of importers’ consignments are still jammed at the Islamabad Dry Port however the matter regarding the half cut and body cut spare parts will be resolved soon.
Answering a query regarding the performance of all the customs stations, working under the jurisdiction of the Model Customs Collectorate (MCC) Islamabad during the first two weeks of December Financial Year (FY) 2017-18 under the head of Customs Duty (CD), the collector notified that, during first two weeks of December FY17-18, all the custom stations, comprising Islamabad Dry Port (IDP), Air Freight Unit (AFU), Customs Bond Section, Unaccompanied Baggage (UAB), Accompanied Baggage (AB) and International Mail Office (IMO), showed satisfactory performance under the head of Customs Duty (CD).
He explained that the IDP received Rs115.27million of Customs Duty against an assigned revenue collection target of Rs117.60million during the first two weeks of current month of December FY17-18. The collector told CT that the IDP earned Rs99.45million as Customs Duty during the same period of corresponding FY16-17 under the same head.
He further said the Customs AFU received Rs188.72million of Customs Duty during the first two weeks of December FY17-18 while the AFU was allocated a revenue target of Rs96.92million as Customs Duty. He further added that the AFU generated Rs75.16million under the same head during the same period of previous FY16-17.
Replying to another query, Saeed Khan Jadoon further told correspondent that, during first two weeks of December FY17-18, the C.Bond received Rs0.25million of Customs Duty whereas the UAB did Rs0.21million as Customs Duty against an earmarked proportional revenue target of Rs0.19million.
The Collector MCC Islamabad told Customs Today that the Customs AB Section collected Rs1.11million against an assigned revenue target of Rs0.93million of CD whereas the AB got Rs0.78million under the same head during the corresponding first two weeks of December FY16-17.
The IMO earned Rs0.16million as Customs Duty while the collectorate did Rs305.73million of Customs Duty during the first two weeks of December FY17-18 against an allocated revenue collection target of Rs212.88million under the head of CD. He informed the correspondent that, during the same period of previous FY16-17, the collectorate generated Rs176.53million of Customs Duty.
