ECONOMY

Mustang Customs surpasses Rs 9 billion annual revenue targets in just 3 months

The Mustang Customs Office (MCO), located at the Korala border crossing between Nepal and China, contributed customs revenue worth Rs 11.45 billion during the first three and a half months of the current Fiscal Year (FY).
alt=
By REPUBLICA

KATHMANDU, Nov 1: The Mustang Customs Office (MCO), located at the Korala border crossing between Nepal and China, contributed customs revenue worth Rs 11.45 billion during the first three and a half months of the current Fiscal Year (FY).



The amount of public revenue surpassed the MCO’s annual target by Rs 2.45 billion just in one-fourth of the period. The customs was given a target of revenue worth Rs 9 billion for the current FY. Last FY, the MCO collected customs revenue of Rs 6.92 billion.


According to Customs Officer Amindra Singh, goods worth Rs 26.01 billion were imported from China via the Korala border crossing as of Friday starting the FY 2026/27 in mid-July. Likewise, goods valued at Rs 286.3 million were exported from Nepal to China through this border.


Related story

Birgunj customs mobilizes Rs 161 billion in revenue


Mustang-Korala has lately emerged as an alternative to the land-based bilateral trade with China since Bhotekoshi-Trishuli flood hit the main trading gateway on August 26. As per the MCO, 6,501 Electric Vehicles (EVs) imported from China received their customs clearance.


The MCO had collected Rs 8.33 billion in revenue before Dashain i.e. mid-October. In the past 18 days following the festival, the customs office collected an additional Rs 3.12 billion.


The MCO further reported that Chinese goods worth Rs 10.40 billion were imported into Nepal via the Korala crossing before Dashain, with an additional Rs 6.70 billion worth of goods imported after the festival.


According to MCO Chief Singh, both exports and imports through the Korala border have increased due to the complete closure of the Rasuwagadhi and Tatopani border points. Following a devastating flood in the Bhote Koshi of ​​Rasuwa, the route was diverted, resulting in the import of goods contained in hundreds of containers through the Korala border.


The festival-focused goods including ready-made garments, cosmetics, electronic devices, industrial raw materials, food grains, fruits and electric vehicles were among the main imported goods. The government brought the northern Nepal-China Korala border point into full operation in mid-September of the last FY.


 

Related Stories
Editorial

Diversifying Government Revenue

Revenue-VAT.jpg
ECONOMY

Revenue collection at Birgunj Customs Office surpa...

Birgunj-Customs-Office_20191031100355.jpg
ECONOMY

Bhairahawa Customs office meets 90 percent revenue...

BhairahawaCustomsOffice_20220802135719.jpg
ECONOMY

Nepalgunj Customs Office raises revenue target des...

Nepalgunj Customs Office raises revenue target despite illegal imports
ECONOMY

Birgunj Customs collects Rs 236.31 billion as reve...

BirgunjCustoms_20220627150853.jpg