Ctg customs mops up record revenue in five months
Saturday, 1 December 2007
FE Report
The Chittagong Customs House (CCH) mobilised a record revenue worth Tk 46.48 billion in the first five months of the current fiscal, thanks to tightening of the monitoring system.
It has surpassed the Tk 43.53 billion target set for July-November period, said a report prepared by the CCH.
However, the government set the target for the CCH at Tk 120 billion for the whole year. It is 18 per cent higher than that of the previous fiscal.
While talking to the FE, CCH Commissioner (import) Lutfor Rahman said that the CCH's revenue is growing at a pace of around 7.0 per cent over the past five months.
The CCH sources said it is expecting to reach around TK 130 billion by the end of the current fiscal.
CCH Commissioner Lutfor Rahman said the CCH has tightened monitoring to prevent false declarations, under-invoicing and wrong classification.
He also said that price rise of imported commodities in the international market also contributed to such record growth in the CCH.
The prices of imported powdered milk and fuel rose significantly in the international market over the past few months.
Apart from this, strict supervision of the activities of Pre-shipment Inspection (PSI) companies and a rise in import duty on the motor vehicles also contributed to the growth, the CCH claimed.
The Chittagong Customs House (CCH) mobilised a record revenue worth Tk 46.48 billion in the first five months of the current fiscal, thanks to tightening of the monitoring system.
It has surpassed the Tk 43.53 billion target set for July-November period, said a report prepared by the CCH.
However, the government set the target for the CCH at Tk 120 billion for the whole year. It is 18 per cent higher than that of the previous fiscal.
While talking to the FE, CCH Commissioner (import) Lutfor Rahman said that the CCH's revenue is growing at a pace of around 7.0 per cent over the past five months.
The CCH sources said it is expecting to reach around TK 130 billion by the end of the current fiscal.
CCH Commissioner Lutfor Rahman said the CCH has tightened monitoring to prevent false declarations, under-invoicing and wrong classification.
He also said that price rise of imported commodities in the international market also contributed to such record growth in the CCH.
The prices of imported powdered milk and fuel rose significantly in the international market over the past few months.
Apart from this, strict supervision of the activities of Pre-shipment Inspection (PSI) companies and a rise in import duty on the motor vehicles also contributed to the growth, the CCH claimed.