Sunday, March 14, 2010

Sindh revenue collection target missed by Rs2.59 bln

Sindh revenue collection target missed by Rs2.59 bln Updated at: 1944 PST, Saturday, March 13, 2010
Sindh  revenue collection target missed by Rs2.59 bln KARACHI: The Department of Excise & Taxation Sindh has made a revenue collection of Rs10.59 billion in the first eight months of the current fiscal, missing the target by Rs2.63 billion.

According to figures released by the Excise Department, Rs6.91 billion collected under the head of Infrastructure Cess constituted a major share of the total collections and it is Rs2.14 billion less than the target.

The officials of E&T Department told Geo News that the decrease in Infrastructure Cess is due to the decline in imports.

The Department collected Rs178 million under Motor Vehicle Tax and Rs150 million as Excise Enactment.

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