KARACHI: The Customs duty collection by Pakistan Customs surged by 22 percent to Rs160.42 billion during seven eight months ended February 28, 2015 as compared with the collection of Rs131.589 billion in the same period last year as all the Collectorates posted growth in revenue collection.
Similarly, Customs duty collection by Pakistan Customs MCC south region surged by 22 percent to Rs131.194 billion during eight months i.e. July 01, 2014 to February 228, 2015 as compared with the collection of Rs107.643 billion in the same period last year.
An official said that FBR assigned targets to Customs for the purpose of preparing for the budget. “It does not mean that Customs had any obligation to achieve these targets by any means. These are just benchmarks set on the basis of previous collections,” he said.
Official said that well reputed officers had been posted on key positions due to which under-invoicing, mis-declaration and misuse of concessionary SROs had been reduced to a much extent. It may be mentioned here that the entire month of January is observed as holidays; and China is the major trading partner of Pakistan.
Overall sales tax collection at import stage stood Rs327.7 billion during the period under review, up 11 percent as against Rs293.182 billion in the same period last year. Appraisement South collection of sales tax at import stage stood at Rs272.287 billion, up 9.7 percent as against Rs248.648 billion collected last year in the similar eight months.
Income tax collected by Pakistan Customs during the eight-month period stood at Rs90.181 billion as compared with Rs81.096 billion last year. Appraisement South collected Income tax of Rs77.485 billion in the eight-month period ended February 28, 2015 as against Rs69.692 billion collected in the same period last year.
Highest revenue collection in terms of Customs duty came from MCC Appraisement West, which collected Rs46.598 billion followed by MCC Appraisement East collecting Rs37.847 billion and MCC Port Qasim collecting Rs36.954 billion in the eight months ended February 28, 2015.
For the 8-month period ended February 28, 2014, MCC Rawalpindi CD collection stood at Rs2.39 billion compared with Rs967 million collected in same period last year i.e. (8MFY15); MCC Lahore CD collection stood at Rs15.905 billion (Rs11.72 billion in 8MFY14); MCC Islamabad CD collection Rs1.0 billion (Rs852 million 8MFY14); MCC Peshawar CD Rs3.294 billion (Rs3.165 billion 8MFY14); MCC Multan CD collection Rs5.322 billion (Rs5.999 billion 8MFY14); MCC Hyderabad CD collection Rs1.13 billion (Rs1.934 billion 8MFY14); MCC Quetta CD collection Rs571.7 million (Rs373.02 million 8MFY14); MCC Karachi preventive CD collection Rs7.997 billion (Rs6.644 billion 8MFY14); MCC Karachi EPZ-Imports CD collection stood at Rs95.64 million (Rs73.26 million 8MFY14); MCC Sialkot CD collection Rs75.57 million (Rs168 million 8MFY14) and MCC Faisalabad customs duty collection in 8MFY15stood at Rs995.46 million compared with Rs1.068 billion collected in 8MFY15.