Nepalgunj Customs Office Revenue Increases After Mandatory Customs Duty on Indian Goods

Banke. The monthly revenue collection of Nepalgunj Customs Office has increased after imposing mandatory customs duty on goods entering Nepal from India.

Nepalgunj Customs Office Chief Customs Officer Janardan Poudel said that customs revenue has increased significantly compared to previous months after implementing the mandatory customs policy on goods worth more than one hundred rupees.

According to him, customs revenue has seen a significant increase in the months of Chaitra and Baishakh after strictness at customs. In the month of Chaitra, Rs 2 Arba 14 Crore 25 Lakh 54 Thousand and in the month of Baishakh, Rs 1 Arba 84 Crore 28 Lakh 21 Thousand revenue was collected, compared to Rs 1 Arba 93 Crore 38 Lakh 19 Thousand collected in the month of Falgun.

He informed that the revenue has increased and the trade and business of Nepalgunj have flourished due to the strictness at the border, with the objective of changing the trend of going to the Indian market Rupaidaha across the border for every purchase.

Nepalgunj Customs Office has collected approximately 68 percent more revenue than the target in the first ten months of the current fiscal year. The annual target for the current fiscal year 2082-083 has been set at Rs 24 Arba 54 Crore 57 Lakh 82 Thousand, and in the ten months until the end of Baishakh, Rs 16 Arba 73 Crore 97 Lakh 59 Thousand, i.e., 68.2 percent of the target, has been collected.

Chiranjivi Oli, Senior Vice President of Nepalgunj Chamber of Commerce and Industry, said that after the strictness at the border, many consumers have stopped going across the border, and the local Nepali market has started to become dynamic.