CCH collects Tk 628b in taxes in 10 months of FY25

The Chittagong Custom House (CCH) collected a total of Tk 628.18 billion in taxes in the first ten months of fiscal year (FY) 2024-25.

CCH sources said a drop in imports of some goods, as well as the government's duty exemptions, resulted in a revenue shortfall of about Tk 78.13 billion, as CCH targeted to collect Tk 706.31 billion from July 2024 to April 2025.

The target of CCH of collection of revenue in the 2024-25 fiscal is Tk 804.02 billion. To meet the target, the CCH has to collect Tk 175.83 billion in the months of May and June of FY25. However, CCH could not achieve its target at any time in the last five FYs.

NBR data shows that of the around 4,500 types of products that are imported through Chittagong sea port, only 30 key items account for nearly 45 per cent of the total revenue from customs.

The key items include diesel, cement clinker, furnace oil, palm oil, crude petroleum, steel products, apples, coal, sugar, areca nut, powdered milk, motorcycle parts and oranges.

CCH Deputy Commissioner Sydul Islam said increased import of food items for Ramadan and enhanced monitoring for import irregularities and quicker completion of auction procedures helped revenue collection.

CCH collects duty on imported goods, imported through Chittagong Port.

The CCH also collects duty on goods coming through the Shah Amanat International Airport.