RASUWAGADHI, June 17: Rasuwagadhi Customs Office has collected revenue of Rs 9.84 billion in first 11 months of current fiscal year 2018/2019.
The collection is about four percent more than the target set by the government for the fiscal year.
Punya Bikram Khadka, chief revenue officer at the office, told Republica that revenue mobilization increased due to increased import and export activities through the Nepal-China border.
The government has set a revised target of collecting Rs 9.5 billion from the customs points in the first 11 months of FY2018/19. The target for the customs point was revised as collection from other customs point was not satisfactory.
Major commodities imported through the customs points during the period were readymade items, electronic items, and other materials for upgradation of Tribhuvan International Airport, according to Khadka. "Rise in imports as well as increment in customs valuation contributed were the major reasons behind more revenue collection," Khadka said. "Appreciation of US dollar vis-à-vis local unit and healthy growth in import of construction materials has also given a boost to revenue mobilization."
Data compiled by Rasuwagadhi Customs Office shows the customs point collected Rs 260.4 million in the first month of FY2018/19. Similarly, it collected Rs 291.15 million, Rs 2.32 billion, Rs 870.2 million, Rs 990.27 million and Rs 870.16 million in second, third, fourth, fifth and sixth month of the current fiscal year.
Likewise, the office collected Rs 1.22 billion in seventh month and Rs 410.62 million, Rs 820.65, Rs 850. 85 million and Rs 900.69 million in eight, ninth, tenth and eleventh month of FY2018/19.
Nepal's major exports through the customs point during the period were flour, beaten rice and handicraft products, according to Khadka.