Karachi Customs has reported an unexpected increase in its revenue generation, exceeding its revenue target for the month of June.
Model Customs Collectorate (MCC) of Appraisement and Facilitation-West Karachi reported a revenue generation of Rs 15.5 billion in custom duty charges in the Month of June.
According to officials, the department had set a revenue generation target of 12.87 billion for June, however it witnessed a 20 per cent hike taking the sum to Rs 15.5 billion.
The department collected a total sum of Rs 25.5 billion in total from various duties and charges including proper valuation, post release audit, auction of long-pending goods at ports, recovery of arrears and others, whereas Rs 3 billion were collected via administrative measures.
MCC Collector Jamil Nasir hailed the efforts of the officers and the collectorate as a whole for its exceeding performance and surpassing its revenue target, especially during the unprecedented circumstances of COVID-19 pandemic and its resulting economic repercussions.
It is to be noted that MCC of Appraisement and Facilitation-West Karachi generated Rs 99 billion in customs duty, with an overall sum of Rs 235 billion in the 2019-20 fiscal year.