Birgunj Customs Office falls short of revenue target by Rs 67.82 billion amid global economic recession

Published On: April 20, 2024 10:10 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, April 20: Birgunj Customs Office has collected more than Rs 100 billion in revenue in the current fiscal year.

From mid-July to mid-April of the current fiscal year, the office has managed to collect a revenue equal to Rs 114.16 billion. The Department of Customs had set a target of collecting Rs 181.99 billion in the first  nine months of the current fiscal year.

The customs office has collected Rs 67.82 billion less revenue than the target. Prakash Subedi, Information Officer of Birgunj Customs Office, said that the revenue target could not be achieved due to the impact of the global economic recession. He said that the decrease in the import of vehicles and fuel has affected the revenue collection.

Officer Subedi mentioned that although there has been some improvement in business during the current year compared to the previous year, it has not returned to the pre-coronavirus situation. He said that compared to the target given by the Inland Revenue Department for the nine months of last year, only 60 percent of the revenue was collected.





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