The Chittagong Customs House, the country's major revenue earning station, realised a record amount of revenue from import section totalling Tk 20,363 crore in the last fiscal (2010-2011) which is 21.18 per cent more than fiscal 2009-2010.
The amount realised in the just ended fiscal exceeded by Tk 1,098 crore against the target of Tk 19,265 crore. In fiscal 2009-2010, the CCH earned Tk 16,052 crore.
Official sources said the record revenue realisation was possible due to upgraded and transparent monitoring system in the delivery of imported goods, strong drives to realise outstanding tax and duties from the public and private organisations, and effective steps for disposing of pending tax disputes and cases.
Proper utilisation of poor manpower and technology in tax assessment process, and preventive measures to check tax evasion were also some of the steps that resulted in huge earnings in the last fiscal, CCH sources added.
Source : New Age
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