KARACHI: The Customs duty collection by Pakistan Customs surged by 22.5 percent to Rs247.323 billion during the fiscal year ended June 30, 2015 as compared with the collection of Rs201.775 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 22.1 percent to Rs202.913 billion during in the fiscal year as compared with the collection of Rs166.123 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 Rs503.043 billion during the period under review, up 12.52 percent as against Rs447.694 billion in the same period last year. Appraisement South collection of sales tax at import stage stood at Rs418.519 billion, up 10 percent as against Rs380.501 billion collected last year.
Income tax collected by Pakistan Customs during the 12 months period stood at Rs137.776 billion as compared with Rs119.819 billion last year. Appraisement South collected Income tax of Rs118.842 billion in the 12-month period ended June 30, 2015 as against Rs107.487 billion collected in the same period last year.
Highest revenue collection in terms of Customs duty came from MCC Appraisement West, which collected Rs70.406 billion followed by MCC Appraisement East collecting Rs58.611 billion and MCC Port Qasim collecting Rs58.38 billion in the fiscal year.