Revenue Down by 3 Percent in Birgunj Customs Office

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September 20: Although the government considers income generated from customs duty as one of the major sources of revenue, it has not been able to meet its target of revenue collection in Birgunj, which is the main customs point of the country.

Almost half of the total foreign trade takes place through this customs point. The government has collected revenue less than its target in the first two months of the current fiscal year.

Communications officer at the Birgunj Customs Office said that the floods of last month have had a negative impact on revenue collection. The floods have affected import of goods due to which revenue collection has gone down.

The office was supposed to collect Rs 20.16 billion in the first two months of FY 2017/18. However, it has only collected Rs 19.67 billion. This amount is 3 percent less than the target. In the corresponding period of last fiscal year, the revenue collection was up by 5 percent.

Customs   officials also claimed that the revenue was also affected by the introduction of ExIm Code on import and export of goods and the Goods and Service Tax (GST) imposed by India.

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