Benapole Customs House has recorded a 29.78 per cent growth in revenue earning in the first seven months of FY2021-2022, up from 19.48% during the corresponding period last year despite Covid-19 disruptions, customs sources said.
According to the sources at Benapole Customs House, revenue earning from trading along this border already crossed Tk. 2436 crore from July to January against the fiscal year’s target of Tk 5100 crore. Earning during the first seven months of the last fiscal was over Tk.2225 crore.
However, many importers are avoiding the country’s largest land trading route because of its zero-tolerance policy against malpractices, said one official.
Joint Commissioner of Benapole Customs, Abdur Rashid, said measures such as digital automation, prevention of tax dodging and smuggling and auction of goods for failure to on-time collection have helped streamline the trading along this route.
Besides, strict action was also taken against the importers and CandF Agent Association for false declaration and fraudulence, he said.
Already, three licences have been cancelled and 14 others suspended the last seven months for flouting rules, said Rashid.
Source: United News of Bangladesh