Birgunj customs sees over three times increment in product export in first quarter

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The amount of Nepali items exported through Birgunj Customs to neighboring India and other countries increased dramatically in the first quarter of the current fiscal year, 2021/22, to the same period last year.

When to the same period in the previous fiscal year, 2020/21, the country’s primary trade transit seen a more than threefold increase in the export of Nepali products. In general, Nepal’s new fiscal year (FY) begins in mid-July. In the first quarter of the current fiscal year, products worth more than Rs 39.5 billion were exported, compared to more than Rs 12.4 billion in the same of the previous fiscal year.

According to Sumit Gupta, an at the customs office, there been an improvement in trade and as a result of the reduction in COVID-19 around the world. This helped to an increase in the export of Nepali products. Refined soybean oil, refined palm oil, fruit juice, refined sunflower oil, soybean oil seed cake, and medicinal herbs were among the products shipped to other countries.

Income collected by the office in the first quarter of this fiscal year totaled more than Rs 70.1 billion. This represents a 26 billion increase over the revenue of more than Rs 43.6 billion collected in the same period the previous fiscal year.

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