Benapole Custom House fetches record Tk 61.65b revenue in FY24

The Benapole Custom House fetched a record Tk 61.65 billion in revenue in the last fiscal year (FY24) which was also Taka 216.59 crore higher than the fiscal target of Tk 59.48 billion.

The revenue collection from the Benapole Custom House is also 6.53 per cent or Tk 3.78 billion higher than the previous fiscal year FY23.

The revenue collection from the Benapole Custom House in FY23 was Tk 57.86 billion.

Officials at the Benapole Custom House said that the revenue collection from this house witnessed a significant growth due to the realization 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 put emphasis on realizing 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.