KARACHI: The Customs duty collection by Pakistan Customs surged by 22.5 percent to Rs223.598 billion during first 11 months ended May 31, 2015 as compared with the collection of Rs182.526 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 21.9 percent to Rs183.82 billion during 11 months i.e. July 01, 2014 to May 31, 2015 as compared with the collection of Rs150.717 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 Rs455.261 billion during the period under review, up 12 percent as against Rs406.143.182 billion in the same period last year. Appraisement South collection of sales tax at import stage stood at Rs380.501 billion, up 10.36 percent as against Rs344.757 billion collected last year in the similar 11 months.
Income tax collected by Pakistan Customs during the 11 months period stood at Rs124.574 billion as compared with Rs109.216 billion last year. Appraisement South collected Income tax of Rs107.487 billion in the 11-month period ended May 31, 2015 as against Rs93.764 billion collected in the same period last year.
Highest revenue collection in terms of Customs duty came from MCC Appraisement West, which collected Rs64.294 billion followed by MCC Appraisement East collecting Rs53.153 billion and MCC Port Qasim collecting Rs52.474 billion in the 11 months ended May 31, 2015.
For the 11-month period under review MCC Rawalpindi CD collection stood at Rs2.866 billion compared with Rs1.367 billion collected in same period last year i.e. (11MFY15); MCC Lahore CD collection stood at Rs22126 billion (Rs16.106 billion in 11MFY14); MCC Islamabad CD collection Rs1.366 billion (Rs1.228 billion 11MFY14); MCC Peshawar CD Rs4.269 billion (Rs4.226 billion 11MFY14); MCC Multan CD collection Rs7.303 billion (Rs7.408 billion 11MFY14); MCC Hyderabad CD collection Rs1.701 billion (Rs2.682 billion 11MFY14); MCC Quetta CD collection Rs912.24 million (Rs587.58 million 11MFY14); MCC Karachi preventive CD collection Rs11.098 billion (Rs9.578 billion 11MFY14); MCC Karachi EPZ-Imports CD collection stood at Rs156 million (Rs106.40 million 11MFY14); MCC Sialkot CD collection Rs105.69 million (Rs269.88 million 11MFY14) and MCC Faisalabad customs duty collection in 11MFY15 stood at Rs1.326 billion compared with Rs1.201 billion collected in 11MFY14.