Nepal

Revenue collection exceeds target in Nepalgunj customs office

KathmanduPati September 22, 2020

NEPALGUNJ: The Nepalgunj Customs Office has seen an encouraging trend of revenue collection in the first two months of the current fiscal year.

The customs office had faced revenue losses in the last fiscal year due to the persistent lockdown as a result of the coronavirus pandemic. However, the revenue collected by the office in the period from mid-July to mid-September has exceeded the target.

Chief customs officer Shantiram Niraula informed that the customs office has collected revenue amounting to Rs 1.68 billion in the first month (mid-July to mid-August) of the current fiscal year. The target for the month was Rs 947.5 million, he shared, adding that the collection is over 56 percent than the target.

Likewise, a revenue of Rs 1.46 billion was raised in the second month (mid-August to mid-September) of the current fiscal year against the target of Rs 1 billion. Niraula said that the revenue amount has increased with the trend of imports via illegal routes coming to an end due to the enforcement of lockdowns.