Nepalgunj Custom Office Collects Rs 3.48 Billion Less Revenue Than The Target
May 17, 2020 | Investopaper
The revenue collection work of the Nepalgunj customs office, which is the main gateway to western Nepal, has been affected due to the ban on the entry of corona virus.
The customs office has collected Rs. 3.48 billion less than the target due to the closure till the end of Baisakh of the current fiscal year 2076/77. In the same period, out of the target of collecting Rs. 12.76 billion, only Rs. 9.28 billion has been collected.
Revenue collection at the customs office has declined due to non-import and export of non-essential items after the border was closed on Chaitra 11 due to the blockade. While the monthly revenue collection has been around Rs 1.15 billion till Falgun, it has been reduced to Rs 682.68 million in Chaitra and Rs 51.85 million in Baisakh.
In the Fiscal Year 2076/77, the revenue collection target is set at Rs. 15.43 billion. If the situation remains the same, the revenue collection is estimated to be around Rs. 10 billion only.
According to the customs office, food, vegetables, medicines and fruits worth Rs 646.59 million were imported from India in the first 20 days of the shutdown in Chaitra. Similarly, goods worth Rs 435 million were imported in Baisakh, according to the customs office. Food, petroleum and vegetables entering from Nepalgunj are going to Banke, Bardiya and Surkhet, Dailekh, Kalikot and Jumla of Karnali.
