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Foreign Trade through Birgunj Customs Stands at Rs 4 Billion

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Foreign Trade through Birgunj Customs Stands at Rs 4 Billion
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February 18: Nepal’s foreign trade through the Birgunj customs has reached more than Rs 4 billion in the current fiscal year (FY 2078/79). Goods worth Rs 462.53 billion have been imported and exported from Birgunj customs between mid-July to mid-February of the current fiscal year.

Customs chief Harihar Poudel said that the revenue collected during the period amounted to Rs 121.72 billion. He also informed that the revenue collection was 4 percent more than the target. The revenue collection target for the first seven months of the current fiscal year was set at Rs 116.71 billion.

Out of the total foreign trade through Birgunj, goods worth Rs 402.48 billion were imported while goods worth Rs 60 billion were exported.

According to the Information and Technology Branch of the customs, the trade deficit through this customs point alone is Rs 342 billion. Mainly, petroleum products, vehicles and spare parts and industrial raw materials are imported from Birgunj customs point. Meanwhile, customs data show that refined edible oil, juice, clothes, shoes and other items are exported from the country.

In the first seven months of the current fiscal year, Birgunj customs has collected customs duty of Rs 44.39 billion, value added tax of Rs 47.53 billion and excise duty of Rs 13.67 billion. It has collected Rs 80 million from commodity exports as well. According to the Birgunj customs, more than Rs 9 billion has been raised under the heading of infrastructure tax, Rs 2.31 billion has been raised for road maintenance and improvement and Rs 3.40 billion for road construction and maintenance.

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