RAJSHAHI, April 4 (BSS) - The Commissionerate of Customs, Excise and Value Added Tax (VAT) earned revenue worth about Taka 344 crore from the eight districts under Rajshahi division during the first eight months of the current fiscal(2011- 2012).
According to the officials' concerned, the collection from the internal sources was Taka 244 crore against the target of Taka 212 crore till February last while the earning from the import sources was Taka 100 crore against the target of Taka 119 crore.
The collected amount of Customs and supplementary duty is Taka 19 crore behind the target. However, the collection is 11 percent higher than that of the previous fiscal year.
Sources Said the revenue target fixed by the National Board of Revenue for the commissionerate for earning from its internal sources like excise duty, supplementary duty and VAT and import sources like import tax, regulatory duty, auction and fine was Tk 553 crore for the current fiscal (2011-12).
The earning from the internal sources was Taka 32 crore higher than that of the corresponding period of the previous 2010-11 fiscal showing a growth of 17.29 per cent.
But, in average from the internal and import sources, the total collection remained something behind to reach the target during the same period.
Talking to BSS here today, Customs Commissioner Masud Sadique hoped that the total target of Taka 553 crore fixed for the current fiscal could be attained by the next three months as various effective measures were adopted.
'We are committed to stop any sort of revenue evading tendency by the parties concerned,' he said adding that step has been taken to bring simplicity in the revenue collection rules and regulations.
Apart from this, he said automation system is gradually being promoted in the revenue-collection process. He said the revenue from the import sources mainly came from only the region's Sonamasjid Land Port and seven cattle corridors.
In this context, he mentioned the revenue earning from the cattle corridors has been reduced to a greater extent due to sharp fall of cattle import through the corridors.
He, however, said the commissionerate has been working relentlessly and has improved monitoring supervision activities so that the revenue collection target in all the sectors could be achieved during the remaining three months of the current fiscal year.
On the other hand, Masud Sadique stated that revenue of around Taka 156 crore remained outstanding from various business institutions and individuals due to pending of VAT and customs related 81 cases with different lower and higher courts.
For the sake of revenue collection, he favored for speedy disposal of the cases.