It accounted for 16% of the revenue collected in the country
CHENNAI: The Chennai Zone of the Customs surpassed its target of revenue collection during the last financial year, netting Rs. 16,581 crore, Rs. 3,766 crore more than the previous year’s collection, Subash Chander, Chief Commissioner of Customs, Chennai Zone, said on Wednesday. This accounted for a growth of 29.38 per cent, he said.
The Chennai Zone accounted for 16 per cent of the total Customs revenue collected in the country. It also recorded the maximum growth in terms of revenue mobilisation. Mr. Subash Chander said the buoyancy in revenue collection indicated a spurt in the economic activities in and around the Chennai zone. Petroleum oil and products, motor vehicle parts, diesel and IC engines, electronic monitors, projectors, motorcars, iron and metal scrap, project imports, telephone sets, lead and lead alloys and palm oil were some of the commodities that contributed to the revenue. The maximum duty paid by a single importer was Chennai Petroleum Corporation, which contributed Rs. 998 crore. Motor vehicle, iron ore lump, iron ore fines, tobacco products, fish and fish products, knitted garments, marbles, woven garments, leather and footwear and granites were some of the commodities that were exported from Chennai. The Customs netted Rs. 43,176 crore from the exports.
Steps taken up by the Customs for quicker clearance of cargo and to cut the procedural bottlenecks had led to an unprecedented growth, Mr. Subash Chander said. At present, 99 per cent of the documentation was being done electronically. Documents of importers were processed and goods cleared through an electronic system.