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Customs Port Qasim collects Rs 25.6b in August

Customs Port Qasim collects Rs 25.6b in August

KARACHI: The Model Customs Collectorate of Port Muhammad Bin Qasim has collected revenue of Rs 25.6 billion in share of customs duty, sales tax, federal excise duty and income tax in August 2014.

As per details, Collectorate of Port Muhammad Bin Qasim has increased its revenue collection by Rs 5.89 billion as revenue collection in July was Rs 19.74 billion.

According to the statistics, the MCC Port Muhammad Bin Qasim has collected revenue of Rs 5.12 billion in share of customs duty in the month of August with an increase of Rs 1.1 billion as compare to the revenue collection of R s 3.93 billion in the month of July.

The collectorate has collected Rs 16.97 billion sales tax in the month of August with an increase of Rs 3.8 billion as Rs 13.13 billion sales tax was collected in July.

The Port Muhammad Bin Qasim has collected Rs 279 million federal excise duty in August with an increase of Rs 126 million as the collection of July was Rs 153 million.

It has collected Rs 3.25 billion income tax with an increase of Rs 740 million as Rs 2.51 billion collected in July.

It is important to mention here that the Federal Board of Revenue (FBR) has not yet set the revenue target for the fiscal year 2014-15 on monthly basis. The federal ministry of finance, however, has asked the FBR authorities to collect Rs 2810 billion during the FY 2014-15.