20th Feb 2022, Kathmandu
The government of Nepal Department of Customs (DoC) has processed digital revenue collection of over NRs 7.4 Billion of transactions till the end of Magh 2078 since it was pilot started from 1st Poush 2078 from Dry Port Birgunj Customs Office.
The e-payment was formally launched by the Honorable Finance Minister on 12th Magh 2078 for initiating e-payment of revenue collection from the customs office all over Nepal. With the full commencement by the DoC for e-payments related to customs declaration form (Pragyapanpatra) through various digital channels of NCHL and BFIs, there has been a considerable increase in the digital revenue and largely helped the importers to automate their payment process.
The e-payment of DoC has been enabled through National Payment Switch (NPS) for real-time and non-real-time payments, corresponding to which NRs.3.4 Billion was processed as real-time through retail payment switch and NRs. 4 Billion as non-real-time through NCHL-IPS during the period.
The custom agents or importers need to obtain details of Registration Year, Registration number, Custom Office Code, and Pragyapanpatra No. from the ASYCUDA system to initiate a payment from any of the available channels.
The transaction limits may vary depending on the payment channel selected by the user. The custom agents and importers can make their payments to DoC from their own bank account using different channels of connect-IPS, CORPORATEPAY, and bank branches. These are also being extended to the mobile/ internet banking of the BFIs and various wallets integrated with NCHL, which will soon be introduced. Such payments were earlier made through cheque or cash at the bank counters.
DoC collects customs duty, value-added tax, excise duty, and other taxes at various customs points, representing 44 percent of total revenue and 50 percent of tax revenue. The e-payment of DoC is expected to enhance the overall operational efficiency and service delivery of Custom Offices as the e-payment will help implement cash-less and face-less services for speedy, reliable, and transparent services.
The total e-payment of GoN revenue collection during FY 2078/79 till the end of Magh was NRs 13.2 Billion, whereas DoC alone has contributed around 56% of the total in a single month.
GoN collected approximately 10% of its revenue from digital channels during FY 2077/78. This is expected to increase 2-3 times in the current fiscal year and the e-payment of DoC revenue collection will majorly increase GoN transactions.
For more information, please visit https://connectips.com/knowmore/doc/