The government's earnings from imports, exports and indenting registration and renewal fees exceeded its target under the head 'non-tax revenue' in the just concluded fiscal year (FY) 2013-2014, thanks to strengthened recovery drive and increased registration and renewal fees, sources said.
The revenue collection increased by Tk 1.7 million to Tk 902.2 million during the period against the target of Tk 900.05 million by the office of the Chief Controller of Imports & Exports (CCI&E), the state entity data showed.
The revenue collection in the FY 2012-2013 was Tk 815.6 million, according to CCI&E data.
The CCI&E under the ministry of commerce (MoC) is going to set a target for collecting about Tk 1.0 billion as 'non-tax revenue' in the form of imports, exports and indenting registrations and renewal fees for the current FY soon. The fixing of the target is at a final stage now. But the target amount might be increased or decreased, sources concerned said.
The rise in non-tax revenue earnings was due to increase in registration and renewal fees in the last fiscal (FY 2012-2013), a controller of the CCI&E told the FE Sunday last.
Exports of various products in the last FY increased significantly. The rate of registration and renewal fees of imports, exports and indenting certificates also marked a rise. As a result, the earning of the CCI&E from such sources increased.
The CCI&E has taken some steps to double the non-tax revenue collection within the next five years, officials said.
To this end, the government has liberalised the Import Policy Order which will gradually be implemented. The CCI&E has introduced different types of business-friendly initiatives like help desk, prompt services to the service seekers etc for importers and exporters.
As part of the services, all kinds of registration would be provided within one hour of the receipt of an application. Besides, employees would provide one-stop service from the help desk to exporters and importers, they also said.
"We are relentlessly working for making registration, renewal fees on imports and exports, indenting certificates and other procedures further business-friendly by introducing modern technologies," he added.
The increased fees were made effective through statutory regulatory order (SRO) dated December 24, 2012 by the commerce ministry, they added.
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