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Transporters strike affects revenue collection at Pak Afghan Transit Trade route

byNadir Khan
20/12/2016
in Latest News, National
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PESHAWAR: Due to repeated protest and strikes of transporters on Pak-Afghan Transit Trade route after illegal Afghan tax the revenue collection process badly affected in the ongoing financial year and the total revenue collection of the last six months was recorded low only up to Rs7616 million as compared to collection of Rs8667.65 million of previous year 2015-16.

Sources told Customs Today that during last six moths of the new financial year the Peshawar Customs House, in head of Customs duties collected Rs2937.68 million up to the month of December while in December 2015 this figure was Rs3291.38 million showing short fall of minus Rs353.70 million in rupees and minus 5.73 in percentage.

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In term of sales tax on import the house collected Rs1728.78 million against the figure of previous year of Rs2095.77 million in December 2015. The difference in percentage was recorded -17.56 percent and million while the difference in rupee was recorded minus Rs366.99 million.

In head of sales tax levied as federal excise duty on Palm oil the Customs House collected Rs610.54 million against December 2015 being recorded as Rs1024.24 million rupees. The total difference in percentage in this sector was recorded minus 40.39 percent while the difference in rupees was minus -Rs413.70 million.

In head of federal excise duty on import the customs collectorate collected Rs65.09 million up to December against the previous year collection of Rs105.05 million of 2015 December. The difference in rupees was noticed minus Rs39.96 million while the difference in percentage was minus 38.04 percent.

In term of withholding tax the house collected Rs2017.88 million in last six months against the previous year Rs1827.13 million for December 2015. The difference in rupees was noticed minus Rs62.38 million while the difference in percentage was recorded 18.38percent.

The performance of the house for the last six months of the new financial year of 2016-17  was not better as compare to previous year previous financial year as the revenue show shortfall of minus 10.36  percent as compare to the previous year financial year of 2015-16.

The total collection figures Rs7616.84 million against Rs8667.65 million previous year month of November 2015 October. The total difference in rupees was minus Rs872.90 million while in percentage the shortfall was noticed minus 10.36 percent.

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