The Hindu : Tamil Nadu / Tuticorin News : Customs House records 31 p.c. jump in revenue

Online edition of India's National Newspaper
Monday, Oct 18, 2004

Tamil Nadu

Tamil Nadu - Tuticorin

Customs House records 31 p.c. jump in revenue

By Our Staff Reporter

TUTICORIN, OCT. 17 . The revenue realised in the first half of the current fiscal year by the Customs House here has indicated buoyancy, compared to the corresponding period in the last financial year.

Disclosing the revenue statistics for the first half of 2004-05, M Veeraiyan, Customs Commissioner, said the department had earned a revenue of Rs.422.67 crores in the current fiscal up to September, registering a 31 per cent increase over the last year's figure of Rs.323.78 crores, during the corresponding period.

The performance had also made the revenue surge ahead by 11 per cent over the target of Rs.380 crores set for the first half of this fiscal.

Stating that several measures had been taken for a speedy process of documents and incentive claims on exports, he said ``Rs.198.92 crores involving 35,850 duty drawback claims have been settled so far in this financial year''.

``The figures showed a huge increase, taking into consideration the fact that only Rs.186 crore was settled through 31,161 duty drawback claims during the entire last fiscal'', he added.

The Customs House collected an import revenue of Rs.108 crores in August this year, which remains the highest revenue collected by the House in a month.

About the property seizures, the Commissioner said goods valued Rs.127.41 lakhs were seized in September and three cases registered. The seized materials included thermal fax paper, aluminium pastes which were declared wrongly as aluminium wastes and tele-printer papers.

These apart, Rs.1.56 crore was realised last month, from the pending DEPB (Duty Entitlement Pass Book) licensing cases, from five entrepreneurs.

Mr. Veeraiyan said that as part of initiatives taken by the Customs department to encourage the exporters and agents to file the shipping bills, without thronging the Customs House, frequent demonstration classes on on-line filing of export-import documents are conducted.

``The response was heart-warming as 3,915 shipping bills were filed electronically in September as against 2,617 filed in August'', he said.

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Customs House records 31 p.c. jump in revenue