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ECONOMY

Mechi Customs Office collected Rs 14.4 billion in revenue in FY 2022/23

JHAPA, July 18: The Mechi Customs Office has reported that it collected 69.41 percent of its revenue target for the fiscal year 2022/23.
By Republica

JHAPA, July 18: The Mechi Customs Office has reported that it collected 69.41 percent of its revenue target for the fiscal year 2022/23.


According to Chief Customs Officer Ram Prasad Regmi, Rs 14.4 billion was collected in revenue by the office in the last fiscal year. According to Regmi, the customs had set a target of collecting Rs 20.24 billion in revenue last year.


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Regmi said that the import of petroleum products decreased and the import of large quantities of goods from third countries, including betel nuts, was stopped, which affected the revenue collection. He said that in the three years after the Covid-19 pandemic, the revenue collection through the Mechi Customs Office has been continuously decreasing.


Chief Customs Officer Regmi said that Mechi Customs Office collected Rs 17.53 billion in revenue in the fiscal year 2021/22 and Rs 18.69 billion in fiscal year 2020/21.


Compared to the year 2021/22, in the year 2022/23, Rs 3.48 billion less revenue has been collected. The Mechi Customs Office at Kakarbhitta in the east is a revenue collection agency for trade from Bhutan and Bangladesh to North India, West Bengal, Sikkim and Assam. Trade with third countries is also done through this channel.


 

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