[ Business ] 2018-05-27
 
Benapole port misses revenue target
 
Revenue earnings at the Benapole land port fell Tk 29.75 crore short of the target of Tk 368.75 crore for the first 10 months of this fiscal year although the volume of imports increased by around 3 lakh tonnes year-on-year.

In the same period of fiscal 2016-17, some 10.65 lakh tonnes of goods were imported.

Mohammad Belal Hossain Chowdhury, commissioner of Custom House, Benapole, reasoned a drop in the import of high tariff-carrying goods and a rise in those on which tariff was low, such as rice.

This was echoed by Md Mofizur Rahman Sozon, president of Benapole C&F Association.

However, Aminul Huq, vice-president of Benapole Import-Export Business Association, said procedural delays, lack of development initiatives and imposition of additional tariffs this fiscal year were driving away traders to other ports.
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