‘Slowdown badly hits the revenue of Customs Commissionerate’

The receipts by the Customs Commissionerate this year has been adversely hit due to slowdown in the economy.

Stating that despite slowdown, they were trying to find out ways and means to achieve the target and focusing on liberalisation of processes, Commissioner of Customs-I M. Ponnuswamy said during the current year (up to January), they could collect Rs.3,660 crore as against Rs.5,396 crore during the same period last year.

“The revenue collection is not satisfactory due to almost 32 per cent shortfall. The export import trade is undergoing a rough patch,” he said at a meeting conducted at Custom House on the occasion International Customs Day.

He said the introduction of Indian Customs EDI System (ICES) had enabled the traders to have transactions with Customs officials through electronic mode resulting in economies of scale and hassle-free operations.

On the occasion of Customs Day, Visakhapatnam Port Chairman Ajeya Kallam and Visakhapatnam Export Processing Zone Development Commissioner S. Kishore, who graced the occasion respectively as the chief guest and guest of honours, felicitated top exporters and importers.