KARACHI: MCC Quetta has surpassed its revenue collection target by Rs678 million set for the outgoing fiscal year 2016-17. According to details, MCC Quetta was assigned revenue target (in all taxes) of Rs15.41 billion for FY 2016-17 and its collection stood at Rs16.08 billion as on June 30, 2017.
Revenue analysis of the last three financial years indicates that the revenue collection in fiscal year 2016-17 was phenomenal. Total taxes collected by MCC Quetta in 2013-14, 2014-15, and 2015-16 stood at Rs4.188 billion, Rs6.97 million and Rs13.941 billion respectively. Fiscal year 2016-17 witnessed landmark collection of Rs16.088 billion.
Tax-wise break-up indicates that the Customs Duty during FY 2016-17 jumped to Rs5.693 million, Sales Tax to Rs6.953 billion, Withholding tax to Rs2.552 million and FED to Rs 270 million.
The revenue realized on account of disposal/auction of seized/confiscated goods showed remarkable growth over the previous three years. From Rs197 million in FY 2013-14, it rose to Rs328 million by 2014-15 and Rs1.113 billion in FY 2015-16 to Rs1.360 million during FY 2016-17.
This colossal tax collection has been made possible thanks to the administrative measures taken by the Collectorate headed by Collector Dr M Saeed Khan Jadoon. Some of the key measures include increased checks on clearances at customs stations, reinvigorated enforcement efforts in co-ordination with Frontier Corps Balochistan, Balochistan Police and Provincial government, strengthening of Customs check posts, efficient and speedy disposal of seized goods and vehicles through auctions, among others.
The last three years have seen considerable progress: dismantling of organized smuggling (a truly daunting challenge), promotion of tax culture in the province (Balochistan has surpassed KPK in revenue collection); stoppage of revenue leakages, record revenue collection, unprecedented anti-smuggling operations, re-enforcing writ of Customs throughout the length and breadth of the province and extraordinary infrastructure development in terms of setting-up of customs check-posts in various parts of the province. The dedicated teamwork of the officials of the Collectorate has resulted in this unprecedented success.