Customs revenue collection beats target

Kathmandu February 28- Customs offices have beaten the revenue collection target set for the seventh month of the current fiscal year, as flow of goods from the Indian side started normalizing following lifting of over four-month-long blockade.

Customs offices located at different parts of the country had set revenue collection target of Rs 16.67 billion for the month of January 15 to February 12. But these offices collected Rs 17.37 billion in revenue in the one-month period, shows the latest statistics of the Department of Customs (DoC).From the period when goods started flowing into the country via Birgunj till the end of the month of on February 12, Birgunj Customs Office collected Rs 866.90 million in revenue. This amount, however, is only 10.44 % of the revenue collection target of Rs 8.30 billion fixed for the office.

Revenue collection at customs offices is crucial for the country as it contributes to over 50% of the total government income.