As the end of the current fiscal year approaches, the Birgunj Customs Office has collected only 81 percent of the annual revenue target.
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Although the revenue collection of the country's largest customs office, Birgunj Customs Office, has improved in recent months, it has not been able to achieve the target.
According to the data of the Birgunj Customs Office, this customs office has collected Rs 229.12 billion in revenue till Jestha in the current fiscal year. Out of the annual target of Rs 273.39 billion, only 81.03 percent of the target has been collected till Jestha. In this way, with one month left to end the fiscal year, there is a revenue shortfall of more than Rs 51.87 billion.
Out of the target of Rs 26 billion in revenue collection for Jestha, Rs 22.08 billion has been collected, which is 84.88 percent of the monthly target.
Due to the revenue structure based on the import of petroleum products, LP gas, vehicles and industrial raw materials, market demand, industrial production and import trends are seen to be directly affecting revenue collection. Petroleum products account for the largest share in the customs revenue structure.
According to the data till Jestha, items such as LP gas, ATF, palm oil, polythene pellets, motorcycles, air conditioners, petroleum products and others are at the top in terms of import value. Petroleum products, vehicles and industrial raw materials are also the main sources in terms of revenue contribution.
Birgunj Chamber of Commerce and Industry President Hari Gautam says that the revenue target has been put under pressure due to the consumption not growing as expected in the domestic market, the inability to operate industrial production at full capacity and the limited growth rate of imports. However, he says that revenue collection has also been gradually increasing as there has been an improvement in the import of petroleum products and vehicles in recent months.
The Birgunj Customs Office, which contributes the largest share to the country's total customs revenue, is taking forward border trade facilitation, illegal trade control and revenue collection as its main responsibilities. However, further expansion in import trade, improvement in industrial activities and revival of market demand are seen as necessary to achieve the target revenue.
Birgunj Customs Office Information Officer Uday Singh Bista says that the 50 percent exemption on customs duty and infrastructure development tax on petrol, diesel and kerosene imports has had a direct impact on the revenue collected from fuel. 'Fuel has been the biggest contributor to the revenue collected by this customs, and the exemption on customs duty and infrastructure development tax on imports of major fuel sources has had a direct impact on revenue collection,' he said.
He said that the decrease in imports of other goods has also had an impact on revenue collection. He also said that it is not possible to collect more than Rs 50 billion in revenue in a month, making it impossible to meet the revenue collection target for the current fiscal year.
