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FY2023-24

Benapole Custom House fetches record Tk6,164.59cr

TBP Desk
09 Jul 2024 20:22:16 | Update: 09 Jul 2024 20:22:16
Benapole Custom House fetches record Tk6,164.59cr

The Benapole Custom House fetched a record Tk 6,164.59 crore in revenue in the last fiscal year (FY24) which was also Tk 216.59 crore higher than the fiscal target of Tk 5,948 crore.

The revenue collection from the Benapole Custom House is also 6.53 per cent or Tk 378.36 crore higher than the previous FY23, reports BSS.

The revenue collection from the Benapole Custom House in FY23 was Tk 5,786.23 crore.

Officials at the Benapole Custom House said that the revenue collection from this house witnessed significant growth due to the realisation of fines for false declaration, fixing accurate duty for following the HS code, and strengthening vigilance to prevent irregularities.

Talking to BSS, Benapole Custom House Commissioner Md Abdul Hakim said, "We've strengthened our vigilance for preventing irregularities on imports. We've also emphasised realising duty through determining the real HS code after seeing the sample of products."

Besides, he said that the overall revenue collection has increased due to the realization of arrear duty and resolving cases.

Customs officials said in the last fiscal year, higher revenues were collected from duty on fabrics, perishable items, truck chassis, motor parts and industrial raw materials.

The highest amount of revenues was collected from Power Grid Company BD, SMCL Niloy, and SM Corporation.

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