LAHORE: The customs enforcement central region has collected Rs 4,172.59 million customs duty which is more than double the assigned target of Rs 1891.02 million as well as last year's collection of Rs 2072.63 million during the month of June.
Official sources said probably it is the only region of customs as well as Inland Revenue in Pakistan which has registered an increase of 101 percent over the last year's customs duty collection. Equally or more important is that the customs enforcement central region has also surpassed the assigned customs duty collection target for June 2020 by achieving 221 percent of the monthly target, they added. "This is an unprecedented achievement by any customs or inland revenue region for revenue targets assigned by the FBR to various customs regions or Inland Revenue units for the month of June 2020," it was informed.
Meanwhile, Model Customs Collectorate (Appraisement & Facilitation) Faisalabad has collected 1938.30 million customs duty in the month of June, 2020, against the assigned target of 1647.80 million. The Collectorate has registered a substantial growth of 18 percent as compared to the collection in June 2019.
Duty collection through administrative measures remains one of the primary areas of focus especially during the last month of the financial year. Effective follow of up recovery of adjudged government liabilities, an audit of manufacturing bonds, and DTRE users were given particular attention in the last month of the current financial year and significant recoveries have been made.
Copyright Business Recorder, 2020
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