Pakistan Customs revenue collections decline in July 2015
KARACHI: The Customs duty collection by Pakistan Customs declined by 10.38 percent to Rs15.12 billion in July 2015 as compared with the collection of Rs16.873 billion in July period last year as all major Collectorates under-performed.
Similarly, Customs duty collection by Pakistan Customs MCC south region declined by 9.3 percent to Rs13.069 billion in July 2015 as compared with the collection of Rs14.41 billion in July 2014.
Overall sales tax collection at import stage stood Rs32.205 billion during the month under review, down 13.74 percent as against Rs37.337 billion in the same month last year.
Appraisement South’s collection of sales tax at import stage stood at Rs26.838 billion, down 18 percent as against Rs32.014 collected last year in the similar month.
Income tax collected by Pakistan Customs during July 2015 stood at Rs9.662 billion as compared with Rs10.561 billion in July last year. Appraisement South collected Income tax of Rs8.241 billion in the month as against Rs9.103 billion collected in the same month last year.
Highest revenue collection in terms of Customs duty came from MCC Appraisement East, which collected Rs4.131 billion followed by MCC Appraisement West collecting Rs3.737 billion and MCC Port Qasim collecting Rs3.487 billion in July 2015.
For the month of July 2015, MCC Rawalpindi CD collection stood at Rs182.73 million compared with Rs391.36 million collected in same period last year; MCC Lahore CD collection stood at Rs1.136 billion (Rs1.356 billion in July 2014); MCC Islamabad CD collection Rs76.10 million (Rs99.78 million July 2014); MCC Peshawar CD collection Rs428.59 million (Rs361.58 million July 2014); MCC Multan CD collection Rs213.12 million (Rs161.51 million July 2014); MCC Hyderabad CD collection Rs28.14 million (Rs35.10 million July 2014); MCC Quetta CD collection Rs114.34 million (Rs57.18 million July 2014); MCC Karachi preventive CD collection Rs1.496 billion (Rs838.99 million July 2014); MCC Karachi EPZ-Imports CD collection stood at Rs15.42 million (Rs8.28 million July 2014); MCC Sialkot CD collection Rs7.63 million (Rs6.32 million July 2014) and MCC Faisalabad customs duty collection in July 2015 stood at Rs2.27 million compared with Rs86.18 million collected in July 2014.