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Home / Breaking News / Port Qasim collects Rs18.493b against target of Rs18,792b in Feb, witnesses shortfall of Rs299.17m
Port Qasim collects Rs18.493b against target of Rs18,792b in Feb, witnesses shortfall of Rs299.17m

Port Qasim collects Rs18.493b against target of Rs18,792b in Feb, witnesses shortfall of Rs299.17m

KARACHI: The Model Customs Collectorate Port Muhammad Bin Qasim has collected the revenue amounting to Rs 18493.56 million in share of different heads including Customs Duty (CD), Sales Tax (ST), Federal Excise Duty (FED) and Income Tax (IT) in the month of February-2015 against its set target of Rs 18792.73 million with the shortfall of Rs 299.17 million in terms of revenue target set by FBR for the month of February-2015.

According to revenue statistics, the MCC Port Muhammad Bin Qasim has collected an amount of Rs 5292.24 million in share of Customs Duty (CD) against its set target of Rs 5461.14 million in the month of February-2015 that is Rs 168.90 million less than target.

The Collectorate has collected an amount of Rs 10890.19 million in share of Sales Tax (ST) against its set target of Rs10924.36 million in the month of February-2015 with a shortfall of Rs 34.17 million.

The MCC Port Muhammad Bin Qasim has collected an amount of Rs 180.41 million in share of Federal Excise Duty (FED) in the month of February-2015 against its set target of Rs 180.89 million with a slight shortfall of Rs 0.48 million.

Similarly, the MCC Port Muhammad Bin Qasim has collected an amount of Rs 2160.72 million in share of Income Tax (IT) during the month of February-2015 against its set target of Rs 2226.34 million with a shortfall of Rs 65.62 million.

The sources informed Customs Today that the Collector MCC Port Muhammad Bin Qasim Surriya Butt has asked the officers and officials of the Collectorate to ensure achieving the revenue targets in all means and take effective steps in this regard.

It is pertinent to mention here that it is the second consecutive time during the third quarters of the fiscal year 2014-15 that the MCC Port Muhammad Bin Qasim has missed revenue targets in all revenue heads including Customs Duty, Sales Tax, Income Tax and Federal Excise Duty (FED), as it was not up to the mark in terms of revenue collection against the set targets in the month of January-2015.