KARACHI: Model Customs Collectorate (MCC) Port Muhammad Bin Qasim has surpassed revenue collection target for the month of August 2019.
The collectorate collected Rs56 billion during August 2019, three percent higher than the target of Rs54.3 billion.
The collection is also 17 percent higher when compared with Rs46.65 billion collected in August 2018, according to a press release issued by the collectorate on Sunday.
The break-up of collection revealed that the collection of customs duty posted 15 percent growth to Rs18 billion during the month under review as compared with Rs15.2 billion in the same month of the last year.
Similarly, in the same period the collection of sale tax increased to Rs32.47 billion as compared with Rs25.8 billion. Besides the collection of federal excise duty has increased to Rs393 million from Rs345 million.
The collection of advance income tax at import stage increased to Rs5.6 billion in August 2019 as compared with Rs5.2 billion in the same month of the last year.
Commenting on the revenue collection performance, Mumtaz Ali Khoso, collector of MCC Port Muhammd Bin Qasim said that the collection was impressive despite steep decline in imports.
He lauded the leadership of Chairman of Federal Board of Revenue (FBR) Syed Muhammad Shabbar Zaidi, Member Customs-Operations Dr. Jawwad Uwais Agha and Chief Collector (Appraisement-South), Kharachi Ms. Suraiya Ahmed Butt.
He also lauded the efforts of his team of officers and staff in achieving the revenue target and expressed the resolve to achieve the remaining revenue target for the current financial year.
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