28 January 2021, Kathmandu
Import of expensive vehicles halted from Dry port checkpoint, revenue collection of Rs 5 billion less than the target by the end Poush
Imports of luxury vehicles from Shreesia Dry Port in Birgunj came to a standstill. After the government of Birgunj banned the import of vehicles costing more than USD 50,000.
While luxury vehicles are the key contributors to the collection of revenue, the revenue received by the port customs office has declined after the government banned the import of such vehicles.
On the other hand, customs and information officer Chudamani Sharma Kattel said that the dry port customs office was not comfortable collecting revenue. As the target was increased to Rs 3 billion annually.
According to him, just 78.52 percent, or Rs 17.53 billion, of the target of Rs 44.63 billion for the 12 months of the current fiscal year has been collected so far. The target was set at Rs 22.32 billion by the end of Poush (Mid-January).
The revenue collection was around Rs 5 billion less than the goal by the end of Poush.
Similarly, 95.89 million 67 thousand out of the target of 2 billion 142.5 million towards the excise duty, 263 thousand out of the target of 25 million 28 thousand towards the customs duty, 354 million 53 thousand out of the target of 142.86 million towards the agricultural reform fee. There are statistics.
According to the customs office, 17.53 billion revenue was collected from the target of Rs. 22.32 billion out of the target of Rs. 127.37 million.
In the last six months of the current fiscal year, the target of Rs 1.78 billion was achieved in July. Which is 104.67 percent or Rs 1.86 billion.
Similarly, the revenue target of Rs 4.46 billion was achieved in September, which was 86.93 percent or Rs 3.87 billion.
The highest revenue collection has been made in the month of Kartik of the current fiscal year. In the same month, the revenue target of Rs 2.54 billion was achieved. Which was 151.48 percent or Rs 3.11 billion.
Similarly, the revenue target of Rs 4.92 billion was achieved in December, 60.24 percent or Rs 2.96 billion. And the highest target of Rs 5.97 billion was achieved in December last year. 17.53 billion 678 thousand revenue has been collected.
According to the customs officials. The overall revenue collection for the last six months has come down. As the target has been increased and the collection has been affected too.
The target for the first 12 months of the current fiscal year is 44.63 billion 362 thousand and the revenue collected till mid-January is 17.53 billion 678 thousand, which is 39.28 percent.
In other words, the burden of collecting Rs. 27.96 billion has risen over the next six months. The customs office set the goal of collecting Rs 3.57 billion in January, Rs 3.56 billion in February, and Rs 3.56 billion in April.
Similarly, the target of revenue growth was Rs 4.12 billion in April. Rs 4.19 billion in May and Rs 3.56 billion in June.
According to Kattel, the target was increased in the current fiscal year compared to the last fiscal year.
He said, “Imports of costly cars, corn, and chickpeas have stopped. Imports of industrial raw materials, iron, and nuts have also come down in the last few months.