SIALKOT: The Model Customs Collectorate (MCC) Sialkot Appraisement Department generated Rs761.47million revenue during January 2017 against the set target of Rs511million, thus surpassing it by Rs250.47million. The Customs Appraisement collected revenue as customs duty (CD), sales tax (ST), income tax (IT) and federal excise duty (FED) during said period.
According to statistics available to Customs Today, it earned Rs165.69million as customs duty against the assigned target of Rs110million. The collectorate surpassed the target set for sale tax by Rs112.22million as it collected Rs526.22million against the assigned target of Rs393.00million.
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It collected Rs17.51millions under the head of income tax during said period against the set target of Rs10 million and surpassed the target by Rs7.51million. It also collected Rs9000 following FED. Customs Appraisement Deputy Collector Abdul Hameed said the department already issued notices to many tax defaulters of the MCC Sialkot in recent months asking them to clear outstanding tax dues at the earliest to avoid stern action.
He said the MCC Sialkot is honestly working whereas the Appraising Department appraises all the consignments on merit. He said the Federal Board of Revenue (FBR) has instructed the Appraising Department to assess all the consignments as per customs bylaws and Customs Act-1969 while the Appraising Department should not spare any consignment as the appraising of consignments is very appropriate to strengthen the national economy while appraising of consignments is a good omen. He said the MCC Sialkot is taking steps to improve the Appraising Department under the best supervision of Collector Ahmed Reza Khan.
