AGL 40.20 Decreased By ▼ -1.30 (-3.13%)
AIRLINK 129.11 Increased By ▲ 1.11 (0.87%)
BOP 6.60 Increased By ▲ 0.34 (5.43%)
CNERGY 4.03 Decreased By ▼ -0.10 (-2.42%)
DCL 8.45 Increased By ▲ 0.01 (0.12%)
DFML 41.25 Increased By ▲ 0.56 (1.38%)
DGKC 87.00 Decreased By ▼ -0.90 (-1.02%)
FCCL 33.35 Decreased By ▼ -0.75 (-2.2%)
FFBL 65.90 Decreased By ▼ -0.43 (-0.65%)
FFL 10.54 Decreased By ▼ -0.02 (-0.19%)
HUBC 110.70 Increased By ▲ 2.00 (1.84%)
HUMNL 15.23 Increased By ▲ 0.77 (5.33%)
KEL 4.78 Increased By ▲ 0.13 (2.8%)
KOSM 7.83 Increased By ▲ 0.50 (6.82%)
MLCF 41.90 Decreased By ▼ -0.82 (-1.92%)
NBP 60.50 Decreased By ▼ -0.34 (-0.56%)
OGDC 182.80 Increased By ▲ 3.83 (2.14%)
PAEL 25.36 Decreased By ▼ -0.34 (-1.32%)
PIBTL 6.26 Increased By ▲ 0.20 (3.3%)
PPL 147.81 Increased By ▲ 1.66 (1.14%)
PRL 24.56 Decreased By ▼ -0.35 (-1.41%)
PTC 16.24 Increased By ▲ 0.10 (0.62%)
SEARL 70.50 Increased By ▲ 0.30 (0.43%)
TELE 7.30 Increased By ▲ 0.08 (1.11%)
TOMCL 36.30 Increased By ▲ 0.10 (0.28%)
TPLP 7.85 Increased By ▲ 0.01 (0.13%)
TREET 15.30 Decreased By ▼ -0.29 (-1.86%)
TRG 51.70 Increased By ▲ 1.34 (2.66%)
UNITY 27.35 Increased By ▲ 0.45 (1.67%)
WTL 1.23 Decreased By ▼ -0.01 (-0.81%)
BR100 9,842 Increased By 47.4 (0.48%)
BR30 30,036 Increased By 389.6 (1.31%)
KSE100 92,520 Increased By 499.1 (0.54%)
KSE30 28,786 Increased By 121.7 (0.42%)

Excise and Taxation (E&T) Department has collected an amount of Rs 6384.283 million during the first seven months of financial year 2007-08. Against the proportionate target of Rs 6320.298 million fixed for the period under the heads of Infrastructure Cess, Motor Vehicle Tax, Provincial Excise Duty, Professional Tax, Cotton Fee and Hotel Tax.
This was stated by E&T Sindh Director General Muhammad Asif Marghoob Siddiqui. He was briefing the monthly review meeting held under the chairmanship of E&T Department Secretary Muhammad Naseer Jamali on the directives of E&T Sindh Minister Dr Abdul Karim Mehar.
According to the available figures, amount collected under Infrastructure Cess was Rs 3574.151 million, Motor Vehicle Tax Rs 1377.663 million, Provincial Excise Duty Rs 1068.674 million, Professional Tax Rs 140.357 million, Cotton Fee Rs 102.468 million and Hotel Tax Rs 120.790 million.
Collection of duties and taxes during the corresponding period of financial year 2006-07 under these heads of duties and taxes was Rs 5579.836 million. It shows that the Department has collected Rs 804.447 million or 13 percent more than the previous year.
He said that a huge amount of Rs 945.502 million has been deposited in the shape of Bank Guarantee upto February 2008, due to the order of High Court of Sindh, therefore, the total amount collected under the above heads as well as deposited in Bank Guarantee comes to Rs 7329.785 million.
Revenue target allocated to E&T Department for the year 2007-08 is Rs 9480.450 million and the trend of collection shows that the target will not only be achieved but also exceeded. It was further stated that collection of Property Tax throughout Sindh during the period stood at Rs 954.823 million and Entertainment Duty Rs 14.521 million. Both of these taxes though devolved to City District Government are still being collected by E&T Department.-PR

Copyright Business Recorder, 2008

Comments

Comments are closed.