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MCC Lahore collects 27pc additional customs duty in 8 months

MCC Lahore collects 27pc additional customs duty in 8 months

LAHORE: Model Customs Collectorate collected customs duty of Rs 141,488 million in eight months of financial year 2013-14, 26 percent higher compared to the corresponding period of financial year 2012-13.

According to official data, Lahore Appraisement wing collected Rs 10603.8 million, 27 percent extra as compared with Rs 8344.19 to the same period of the last financial year whereas Preventive wing collected customs duty of Rs 3584 million, up 26 percent in eight months as compared to Rs 2834.9 percent during the corresponding period of last year.

The data revealed that Collectorate of Appraisement collected Rs 16,540 million which is 14 percent more than Rs 14,560 million collected during the same period of last financial year while Collectorate of Preventive collected Rs 6216.2 million, 61 percent extra against Rs 3,849 million of the same period of last year.

The data further said that under the head of withholding tax, both the collectorates collected Rs 8,224 million against Rs 5,891 million, which is 39 percent higher.

The collectorate of appraisement collected Rs 3073 million during financial year 2013-14 against Rs 2,697 million of last year while collectorate of preventive collected Rs 5,151 million against Rs 3,194 million (up 61 percent) during 2013-14.