Customs duty collection up by 23 percent in ten months

KARACHI: The Customs duty collection by Pakistan Customs surged by 23 percent to Rs202.375 billion during ten eight months ended April 30, 2015 as compared with the collection of Rs163.1 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 Rs166.19 billion during ten months i.e. July 01, 2014 to April 30, 2015 as compared with the collection of Rs135.271 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.

Overall sales tax collection at import stage stood Rs407.546 billion during the period under review, up 12 percent as against Rs363.104 billion in the same period last year. Appraisement South collection of sales tax at import stage stood at Rs341.672 billion, up 10 percent as against Rs309.364 billion collected last year in the similar eight months.

Income tax collected by Pakistan Customs during the ten-month period stood at Rs112.95 billion as compared with Rs99.272 billion last year. Appraisement South collected Income tax of Rs97.211 billion in the ten-month period ended April 30, 2015 as against Rs85.138 billion collected in the same period last year.

Highest revenue collection in terms of Customs duty came from MCC Appraisement West, which collected Rs58.497 billion followed by MCC Appraisement East collecting Rs47.867 billion and MCC Port Qasim collecting Rs47.376 billion in the ten months ended April 30, 2015.

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