The Model Customs Collectorate (MCC), Port Qasim has surpassed its half yearly revenue collection by Rs 36.54 billion as against the collection made during preceding period. According to details, the collectorate has collected Rs 186.82 billion during July-December period, depicting 24.32 per cent growth as compared to last period collection of Rs 150.27 billion

Around Rs 57.03 billion was generated on account of Customs Duty, depicting 34.47 per cent growth as compared to last period collection of Rs 42.41 billion. Similarly, the revenue collection of Rs 104.9 billion made on account of sales tax has shown 23.13 per cent growth as against Rs 85.22 billion collection of preceding period.

Moreover, the Collectorate has made Rs 23.09 billion as Income Tax (IT) and Rs 1.76 billion as Federal Excise Duty (FED) during last six months of current fiscal year as compared to Rs 21.14 billion as IT and Rs 1.5 billion as FED collected last corresponding period.

Meanwhile, Collector Port Qasim Mukaram Jaa said that collectorate had started facilitating imports designated for special projects, which he termed one of the reasons to surpass revenue collection during first six months of current financial year. While hoping to achieve monthly revenue targets of next two months - January and February, he said that revenue targets for last four months - March to June of current fiscal year was formidable task, adding that collectorate has rolled up sleeves to accelerate auction, recovery exercise and others to meet the uphill task.

Copyright Business Recorder, 2017