Biratnagar Customs Office fails to meet revenue target, collects only 56.81 percent
September 24, 2023 06:23 PM NPT
By: Binod Subedi
BIRATNAGAR, Sept 24: The Biratnagar Customs Office has reported a revenue collection of just 56.81 percent of the target for the month of August in the fiscal year 2023/24, falling significantly short of the target.
According to the statistics of the office, for the month of August, the target of revenue collection was Rs 4.45 billion, but only Rs 2.53 billion was collected.
Even in the month of July, the Biratnagar Customs Office collected only 81.57 percent of the revenue target. For the month of July, the Biratnagar Customs Office had collected only Rs 2.85 billion out of the target of Rs 3.49 billion. The revenue collected in July and August of the current fiscal year is less than the revenue collected in the same months of the previous fiscal year.
In the month of July of the previous fiscal year 2022/23, the Biratnagar Customs Office collected revenue of Rs 2.95 billion. Similarly, in the month of August, Rs 3.11 billion was collected in revenue.
Parshuram Dahal, information officer of Biratnagar Customs Office, said that the main reason for the decline in revenue collection by the Biratnagar Customs Office is the slowdown in economic activities within the country. He said that the international price hikes of goods have led to decreased consumption in Nepal, resulting in lower market demand and declining imports. Furthermore, Dahal also said that some significant importers who previously used the Biratnagar border crossing have shifted to other border points, affecting international trade through the Biratnagar customs office.