The revenue collection of Chittagong Customs is on the decline even as it has fallen short of the target by Taka 13, 832 crore in the July-April period even as it experienced a fall in revenue collection for five consecutive months up until April this year.
This is as per media reports, which underlined the revenue collection took a hit in view of the ongoing Russia-Ukraine war which has slowed down the global economy even as the ongoing dollar crisis in the country has had an adverse impact on the imports, all of which combined to make things worse.
Reports further added as per the data from the country’s largest customs station, revenue collection dropped in six of the first 10 months of the current fiscal year (including a 0.17 per cent decline in September) even if in April, the collection in customs duty stood somewhere around Taka 4,559 crore, down 14.45 per cent from a year ago.
This reportedly is also 33.34 per cent short of the target set for the month of April, reports added further while underlining even though fiscal 2022-23 started on a robust note with around 40.87 per cent growth in July, in 10 months through April the overall customs duty collection growth stood at mere 1.57 per cent, compared to what was 20.70 per cent in the same period of the previous fiscal year.







