KARACHI: The Customs Appraisement South comprising MCC Appraisement East, MCC Appraisement West and MCC Port Qasim has surpassed all revenue collection targets for the month of June 2015.
Overall collection by Appraisement South stood at Rs76.827 billion in June 2015, which is 5.0 percent higher than the assigned revenue collection target of Rs73.476 billion for the month. The collection in June 2015 is 21.18 percent higher than the total revenue collected in the same month last year.
According to details, the Customs duty collection in June 2015 stood at Rs28.312 billion, which is 1.0 percent higher than the target of Rs28.093 billion and 27 percent higher than the collection of Rs22.987 billion in June 2014.
Appraisement West affected CD collection of Rs11.912 billion, Appraisement East contributed Rs6.399 billion surpassing the target by 1.0 percent while MCC Port Qasim remained the star performer surpassing its target by 22 percent with a collection of Rs10.0 billion.
The total sales tax collection by Appraisement South in June 2015 stood at Rs36.737 billion, which is 2.0 percent higher than the target of Rs35.95 billion and 13.28 percent higher than the collection of Rs32.429 billion in June 2014.
Appraisement West affected ST collection of Rs9.72 billion surpassing the target by massive 31 percent, Appraisement East contributed Rs11 billion surpassing the target by 16 percent while MCC Port Qasim collected sales tax of Rs16.016 billion.
The total income tax collection by Appraisement South in June 2015 stood at Rs11.2 billion, which is 28 percent higher than the target of Rs8.736 billion and 39.35 percent higher than the collection of Rs8.037 billion in June 2014.
The total FED collection by Appraisement South in June 2015 stood at Rs577.12 million, which is 17 percent lower than the target of Rs696.5 million and 9.27 percent lower than the collection of Rs636.07 million in June 2014.
An official said that these figures were compiled at 2300 hours and collections of hundreds of millions were to be affected in the last hour of the fiscal year.
Moreover, it was also the closing day for the banks and they used delay tactics and did not transfer the funds into the government accounts, otherwise the collection numbers would have been considerably higher.
Clearing agents and importers informed Customnews.pk that their respective banks requested them to hold their transfers in the government account as they also had to meet their targets.
Agents informed that banks also used delay tactics to avoid transferring sums into the government accounts.