The National Board of Revenue (NBR) in Bangladesh has set an ambitious revenue target of Tk 1,16,200 crore for the 2023-24 financial year from import and export activities. In the previous year, the NBR collected Tk 89,423 crore from customs stations, falling short of the target of Tk 1,11,000 crore. For the current financial year, the NBR aims for a 23% increase in revenue.
According to the Research and Statistics Division of NBR, the board has set a revenue target of Tk 4,30,000 crore for the FY2023-24. This money will be collected from three sectors. Among the three sectors, the revenue will be Tk 1 lakh 16 thousand 100 from import and export, Tk 1 lakh 59 thousand 100 crore from Value Added Tax (VAT) at the local level and Tk 1 lakh 54 thousand 800 crore from income tax and travel tax.Specifically, these targets can be further broken down as follows: Import duty collection target is Tk 46,016 crore, export duty collection target is Tk 66 crore, import duty collection target (Additional) is Tk 54,943 crore and supplementary duty collection target is Tk 15,076 crore.
The NBR has set a total revenue target of Tk 4,30,000 crore for the year, which includes Tk 1,16,100 crore from import and export, Tk 1,59,100 crore from Value Added Tax (VAT), and Tk 1,54,800 crore from income tax and travel tax. Chittagong Custom House, the largest customs station in the country, has been assigned the task of generating Tk 77,616 crore, which accounts for 67% of the total revenue target.
Source for more details:
