Non-tax revenue earning rises by 71 pc in Q1

Revenue earnings by the office of the Chief Controller of Imports & Exports (CCI&E) under the Ministry of Commerce achieved about 39 per cent of its target in the first quarter of the current fiscal year, official sources said.
Its revenue collection from sources including imports, exports and indenting registration also increased by about 71 per cent in the July-September quarter, compared to the corresponding period of the last FY, according to the CCI&E data.
Concerned sources attributed the increase in revenue earnings to the hike in registration and renewal fees on imports, exports and indenting certificates against the backdrop of export and import of different products going up significantly in the current FY.
The sources said revenue collection of the CCI&E's office would definitely exceed its non-tax revenue target for the FY 2013-14 if the same trend persists throughout the next 10 months of the FY.
The CCI&E has set a target to collect over Tk 900 million in non-tax revenue in the current fiscal.
The office collected more than Tk 348 million in the July-September period. The figure was Tk 203.9 million in the same period of the previous fiscal year, according to the latest available data.
The revenue collection target for the current fiscal is 12.56 per cent higher than that of the last fiscal, according to the official data.
However, in the last fiscal the government's revenue earnings from sources like imports, exports, indenting registration and renewal fees exceeded the target under the head of 'non-tax revenue'. It was due to a strengthened recovery drive and an increase in registration and renewal fees, sources said.
The collection was up by Tk 15.6 million to Tk 815.6 million from the target of Tk 800 million, according to the office of the CCI&E. It posted an increase of 14.48 per cent from Tk 712.4 million of the previous fiscal, the CCI&E figures showed.