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MCC Appraisement-West collects Rs16,714m against target of Rs22,787m in May

MCC Appraisement-West collects Rs16,714m against target of Rs22,787m in May

KARACHI: Model Customs Collectorate of Appraisement-West despite all out efforts has failed to achieve the revenue target set by the Federal Board of Revenue for the month of May, 2014.

MCC Appraisement-West had a target of Rs 22,787 million in share of customs duty, sales tax, federal excise duty and income tax for the month of May, 2014. However, the collectorate has managed to collect Rs 16,714 million in share of all four major heads with the difference of Rs 6,073 million.

As per statistics, MCC Appraisement-West has collected revenue of Rs 6,105 million in share of customs duty against the target of Rs 10,306.4 million with the huge difference of Rs 4,201.4 million.

Similarly, the collectorate has generated revenue of Rs 7,650 million in share of Sales Tax in the month of May, 2014 against its set target of Rs 8,142.2 million with the shortfall of Rs 492.2 million.

The collectorate has collected revenue of Rs 2,854 million in share of income tax against the target of Rs 4,267 million with the difference of Rs 1,413 million

However, MCC Appraisement-West has collected revenue of Rs 105 million in share of federal excise duty against its set target of Rs 71.30 million with a surplus of Rs 33.7 million.

It is pertinent to mention here that the collectorate, while being short of the target, had managed to collect Rs 15,680 million for the month of April, 2014 against its revenue target of Rs 20,920.7 million for the month of April, 2014.

It had collected Rs 5,703 million against target of Rs 8,996.2 million in share of customs duty; Rs 7,078 million against target of Rs 7,722 million in share of sales tax and additional sales tax; Rs 2,785 million against target of Rs 4,151.5 million in share of income tax.

However, MCC Appraisement-West had collected a sum of Rs 114 million in share of federal excise duty against the set target of Rs 50.6 million with Rs 63.4 million surpluses.