Birgunj Border Trade Revenue: NPR 124.7 Billion Boosts Nepal’s Economy
16th April 2205, Kathmandu
The Birgunj Customs Office has successfully collected NPR 124.7 billion in revenue over the past nine months of the current fiscal year. This performance highlights the office’s significant role in Nepal’s revenue generation.
Birgunj Border Trade Revenue
Monthly Revenue Breakdown
The revenue collection has been consistent throughout the year. In Shrawan (July to August), the office gathered NPR 12.15 billion. This amount rose in Bhadra (August to September) to NPR 13.42 billion, followed by NPR 13.47 billion in Ashoj (September to October).
Although the numbers dipped to NPR 11.10 billion in Kartik (October to November), likely due to the holiday season, they rebounded in Mangsir (November to December), reaching NPR 14.40 billion. The collection continued to grow in Poush (December to January), where NPR 15.47 billion was raised.
Consistent Growth in Revenue
In Magh (January to February), the office collected NPR 14.44 billion, followed by NPR 14.63 billion in Falgun (February to March). Finally, in Chaitra (March to April), the office hit a peak of NPR 15.47 billion, matching the amount collected in Poush.
This steady collection shows a strong revenue trend, with each month contributing a significant amount to the total.
Birgunj: A Key Hub for Trade
Birgunj, located at the Raxaul border with India, is one of Nepal’s most important trade entry points. The customs office handles a large volume of goods, both imported and exported, making it vital to the nation’s economy.
Customs duties, VAT, excise taxes, and other fees on imports are the primary sources of this revenue. With its strategic location, the Birgunj Customs Office plays an essential role in Nepal’s fiscal system.
Contributing Factors to Success
Several factors contribute to the office’s strong performance. There have been significant improvements in customs procedures, making them more efficient. Additionally, the growing volume of trade and the digitalization of customs processes have helped boost collections.
The introduction of automated systems has increased transparency and reduced delays. These changes have made customs operations smoother and more reliable, benefiting both the government and businesses.
Impact on National Revenue
The revenue collected at Birgunj is crucial for the national economy. With NPR 124.7 billion raised over just nine months, the office is on track to meet its annual revenue goals.
Officials expect the numbers to continue to rise, as customs reforms and trade facilitation measures improve further. The Birgunj Customs Office will likely remain a key player in Nepal’s financial system, supporting both government revenues and economic growth.
Looking Ahead
In conclusion, the Birgunj Customs Office has shown impressive revenue growth this year. The figures reflect positive changes in customs operations and an overall increase in trade. As Nepal’s economy continues to develop, the role of customs offices like Birgunj will remain essential.
For more: Birgunj Border Trade Revenue
