Financial Daily from THE HINDU group of publications Monday, Apr 05, 2004 |
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Industry & Economy
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Excise and Customs Tuticorin Customs exceeds collection target Our Correspondent
Madurai , April 4 THE revenue through the recently formed Customs Commissionerate at Tuticorin has exceeded the target for the year 2003-04. According to the Customs Commissioner, Mr S. Ramesh, while the target was Rs 630 crore, the revenue mobilised has been Rs 658 crore, an additional Rs 28 crore more than expected. The collection is up by 27 per cent compared to Rs 519 crore during the previous year. Commodities imported have been copper concentrate, textiles, printing machinery, raw cotton, wooden logs, vinyl chloride monomer, LPG, coal, polyolefin oil and polyester fibre, he mentioned. Referring to the volume of work executed at the commissionerate, he said that thanks to electronic processing, 22,000 bills of entry, 1,32,000 shipping bills and 30,300 drawback claims were processed during the year. The special intelligence branch detected 229 commercial frauds involving evasion to the tune of Rs 4.22 crore of customs duty. A sum of Rs 4.02 crore of it has also been realised. He further said that the Commissionerate has introduced several trade facilitation measures such as extension of import and export operations of Custom house without halt even on several closed holidays weekly holidays to ensure interruption-free supply chain management. It has launched an official web site www.tuticorincustoms.org and provides trade and relevant information online. It has formed Permanent Trade Facilitation Committee comprising of representative from the Trade, Chamber of commerce, Port Trust, the Director General of Foreign Trade and other agencies The Regional Advisory Committee meets once in a quarter to advise and find out the solutions to the various problems faced by the trade and nomination of a Public Grievance Officer, in the cadre of Joint Commissioner, to redress the grievances of the trade, he added.
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