Customs duty collection surpasses target
QUETTA: The customs duty collection by the Model Customs Collectorate (Appraisement), Quetta, during the period July-May 2020-21 stood at Rs6,380 million against the assigned target of Rs4,224m. It collected Rs2,156m (42 per cent) more than the assigned target.
During the month of May, 2021, the Model Customs Collectorate (Appraisement), Quetta, collected Rs474m as Customs Duty which is Rs115m above the assigned target of Rs359m.
It collected total revenue of Rs25 billion during July 2020 to May 2021, which is more than 35pc of the assigned target.
A spokesman for the Model Customs Collectorate said here on Friday that collection was Rs20 billion during financial year 2019-20.
He said the Collectorate was following the Federal Board of Revenue’s (FBR) policy of effective monitoring to combat mis-declaration, facilitation of trade through reduction in clearance time, open door policy for redressal of grievances and strict adherence to transparent and merit-based decision making.
Published in Dawn, June 5th, 2021