The office mobilized only Rs 45.17 billion during the fiscal year, down from the target of Rs 51.92 billion.[break]
“The main reason behind drop in revenue mobilization is fewer imports of vehicles and construction materials among others. Tightening of bank lending and liquidity crunch in the financial system are the major reasons behind drop in imports,” said Lavanya Kumar Dhakal, Chief of Birgunj Customs Office.
Officials of Birgunj Customs, however, are hopeful of meeting the revenue target set for the fiscal year 2011/12.
According to the office, import of private four-wheelers through the customs point decreased by 11 percent as compared to the data of 2009/10, causing revenue loss of about Rs 1.79 billion. Similarly, the import of commercial vehicle and two-wheelers went down by 26 percent and 15 percent respectively during the period.
The import of machinery parts and other machineries fell by more than 90 percent during the year, according to customs officials.
In the fiscal year, the office had mobilized Rs 52 billion in revenue against the target of Rs 38 billion.
“We couldn´t meet the revenue target this year because the target was raised by 22 percent and also the economic situation in the country worsened during the period as compared to the past years,” said Dhakal.
The office had been seeing rise in revenue mobilization by about 10 percent every year.
“We´ve managed to mobilize revenue in excess of Rs 45 billion despite worsening economic situation in the country. That´s an achievement in itself,” Dhakal added.
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