KARACHI: Pakistan Customs South region made a remarkable performance in the fiscal year ended June 30, 2017 as the Customs duty collection surged by a significant 13.4 percent to Rs295.616 compared with collection of Rs260.719 billion in the previous year.
Overall, Pakistan Customs collected customs duty of Rs345.297 billion in FY17, which is 14 percent higher than the custom duty collection of Rs303.16 billion in the previous year.
MCC Appraisement South comprising MCC Appraisement East, MCC Appraisement West and MCC Port Qasim shined in fiscal year 2016-17 delivering 13.3 percent growth in customs duty collection to Rs262.734 billion compared with Rs231.91 collected in the previous year.
Highest customs duty collection came from MCC Port Qasim, which collected Rs96.582 billion in FY2017 as against Rs77.84 billion in FY2016. Saeed Akram Collector Port Qasim said the entire staff was commendable for their untiring efforts. He said that Member Customs Zahid Khokhar and Chief Collector Abdul Rasheed Shaikh with their no-compromise policy and dedication enabled such revenue growth.
MCC Appraisement East collected customs duty of Rs84.98 billion in FY2017 as against Rs73.3 billion in FY2016.
Collector Appraisement East Ashad Jawwad East said Chief Collector Abdul Rasheed Shaikh modified the assigned target among the collectorates due to which all collectorates achieved their revenue collection targets. As the SAPT terminal was under MCC Appraisement East and ships that were to dock at MCC Appraisement West offloaded at SAPT terminal, the modification in targets was quite appropriate.
MCC Appraisement West collected customs duty of Rs81.17 billion in FY2017 as against Rs80.7 billion in FY2016. Collector Appraisement West Shahnaz Maqbool said they made all efforts and plugged leakages to improve the revenue per container rate, which resulted in increased revenue collection.
MCC Preventive collected customs duty of Rs27.379 billion in FY2017 as against Rs24.834 billion in FY2016. MCC Hyderabad collected customs duty of Rs2.943 billion in FY2017 as against Rs1.756 billion in FY2016. MCC Quetta collected customs duty of Rs2.29 billion in FY2017 as against Rs1.934 billion in FY2016. MCC Gwadar collected customs duty of Rs3.99 million in FY2017 as against Rs2.36 billion in FY2016.
Overall, Pakistan Customs collected Sales Tax at import stage of Rs640.77 billion in FY17, which is 3.4 percent higher than the sales tax collection of Rs619.245 billion in the previous year. Customs South collected Sales Tax at import stage of Rs547.32 billion in FY17, which is 7.04 percent higher than the sales tax collection of Rs511.14 billion in the previous year.
Overall, Pakistan Customs collected Income Tax at import stage of Rs185.3 billion in FY17, which is 6.9 percent higher than the sales tax collection of Rs173 billion in the previous year. Customs South collected Income Tax at import stage of Rs163.82 billion in FY17, which is 7.9 percent higher than the sales tax collection of Rs151.73 billion in the previous year.