Revenue collection surpasses target at Madar customs

Siraha, July 23: The Madar Customs Office in Siraha district has witnessed a remarkable increase in revenue collection than the target in the last fiscal year 2024/25 BS. 

The Office amassed Rs 20.7 million more than the target, collecting a total of over Rs 140 million in revenue, according to Toyanath Sapkota, Chief of Madar Customs. 

Chief Sapkota shared that although the Nepali month of Mangsir (mid-November to Mid-December last year) only saw 94 per cent of revenue collection, almost of the other months in the last fiscal year recorded above the target revenue collection, achieving overall 122 per cent of its annual goal.

The revenue collection in the last fiscal year turned out to be the highest in the last four fiscal years, he informed. 

According to him, more than Rs 110 million was collected in the fiscal year 2020/21 while revenue collection stood over Rs 90.3 million in 2021/22 and above Rs 90.4 in fiscal year 2022/23. (RSS)