Vizag Customs Zone surpasses target

Our Bureau Visakhapatnam | Updated on January 28, 2011

The Visakhapatnam Customs Zone has surpassed the target of Rs 3,820 crore by the end of December itself, according to Mr Chandrahas Mathur, the Chief Commissioner of Customs, Central Excise and Service Tax.

He told reporters here on Wednesday after participating in the International Customs Day that the buoyancy in revenues could be attributed to the partial rollback in the fiscal stimulus measures, and also due to increased economic activity.

He said as on December 31, 2010, the Visakhapatnam zone had earned Rs 3,825 crore as against the target of Rs 3,820 crore for the entire financial year.

He said by the end of March, the Vizag zone may earn Rs 4,500 crore .

He said earnings in the Vizag Customs house amounted to Rs 2,901 crore and in Kakinada, Rs 478 crore, besides Rs 445 crore in Krishnapatnam.

He said the customs staff had detected evasion of customs duty to the extent of Rs 52 crore, of which, Rs 8 crore had been recovered till now.

On the occasion of the International Customs Day, awards were given to the HPCL (the revenue payer) and the Nalco (the biggest exporter).

The Gangavaram Port Limited, Merilyn Shipping and Transports and Integral Trading & Logistics were also given awards.

Capt. Sriram Ravichander, the CEO of the Visakhapatnam Container Terminal Limited, also spoke on the occasion.

Published on January 28, 2011

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