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 per cent 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 24.36 billion from July to January against the fiscal year’s target of Tk 51.00 billion. Earning during the first seven months of the last fiscal was over Tk 22.25 billion.
However, many importers are avoiding the country’s largest land trading route because of its zero-tolerance policy against malpractices, reports BSS citing an 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 the on-time collection have helped streamline the trading along this route.
Besides, strict action was also taken against the importers and C&F 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.