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Customs duty: MCC Lahore achieves overall growth of 30.52pc

Customs duty: MCC Lahore achieves overall growth of 30.52pc

LAHORE: Model Customs Collectorate Lahore has collected in total a Customs duty of Rs 11,140 million during the first half of Financial Year 2013-14, up by 30.52 per cent against Rs 8,535 million in the same period of FY 2012-13.

According to the documents available with Customs Today, the station wise collection of customs duty by MCC (Appraisement) Lahore stood at Rs 8,502 million during the first half of FY 2013-14. MCC (Appraisement) achieved a growth of Rs 2069 million, 32 percent more compared to the collection of Rs 6,432 million in FY 2012-13.

Further bifurcation exhibits that the collectorate achieved a growth of Rs 1,151 million at the Mughalpura Dry Port station, which is 107 percent additional compared to the same period last year.

The collectorate also pulled off good revenue growth of Rs 1,642 million at the Central Freight Station which is 49 percent above compared to the same period last year.

However, the collectorate showed poor performance at the Machikay suffering a loss of Rs 448 million which is 26 percent less amount as compared to the same period last year. The collectorate gathered Rs 1,286 million during FY 2013-14 against Rs 1,735 million during the same period of the previous fiscal year.

The collectorate faced a negative growth of customs duty at the Prem Nagar Dry Port as only Rs 81.79 million were collected against Rs 276 million during the same period last fiscal year. The collectorate underwent a loss of 70 percent at the Prem Nagar dry port.

GPO Customs Duty also exhibited a declining trend as only Rs 6 million were collected against Rs 18 million during the same period last fiscal year.

The collectorate extended rebate and refund of Rs 105 million against Rs 26 million which is Rs 78 million more than the same period during FY 2012-13.

Well informed sources said that the decline in customs duty at certain stations has primarily recorded due to the less business activities in the recent year at the Prem Nagar and Machikey and because of the unavailability of freight trains.

Similarly, MCC (Preventive) achieved growth of Rs 536 million in customs duty during FY 2013-14, which is 25 percent more than that of the same period last financial year. MCC (preventive) collected Rs 2638 million during the first six months of FY 2013-14 against Rs 2102 million during the same period of previous fiscal year.

MCC (Preventive) collected Rs 2,380 million at the Air freight Unit (AFU) during the current financial year which is 32 percent additional compared to Rs 1,801 during the same period last year.

The collectorate also showed good performance at the Land Freight Unit (LFU) collecting Rs 149 million against Rs 72 million during the same period last year which is Rs 77 million additional, 107 percent more than the same period of the previous fiscal year.

In the same way, Railway Station collected Rs 465 million during the first six months of current financial year against Rs 308. 65. The growth during the first half of the current financial year stood at Rs 156 million which is 51 percent more than the same period during the last fiscal year.

Collection of customs duty under the head of ‘Others’ however remained negative as the collectorate collected Rs 27 million less than the same period last year.

MCC (Preventive) extended refund and rebate of Rs 403 million during the first half of current financial year against Rs 152.91 million, which is 164 percent more than the same period last year.

Sources said that MCC (Preventive) attained the growth of 25 percent mainly due to controlling of pilferage of customs duty on the betel leaves at the AFU.