Multan Customs Collectorate suffers shortfall of Rs6343m during 2016-17

MULTAN: The Model Customs Collectorate Multan has collected Rs47490.79million during the whole economic year 2016-17.

The Federal Board of Revenue has assigned the Multan Customs with the annual revenue collection target of Rs53832million under the heads of Customs Duty, Sales Tax, Federal Excise and Income Tax for the period of July to June 2016-17. So the collectorate has suffered a deficit of Rs6343million for the abovementioned period.

The Model of Customs Collectorate Multan has made the collection of Customs Duty of Rs9065.542million against the set target of Rs8705.420million from (July to June) for the duration of the Fiscal Year 2016-17. The customs duties collected by the MCC Multan were from imported goods cleared through Multan Dry Port and Air Freight Unit during the Financial Year 2016-17. The MCC Multan has surpassed the Customs Duty assigned by the Federal Board of Revenue due to their dynamic strategy during the entire Fiscal Year 2016-17. The Model Customs Collectorate Multan has posted four growth in the collection of Customs Duty through Fiscal Year 2016-17. READ MORE