Customs Revenue Exceeds Target for the Current Year

KABUL, Apr. 17- The Ministry of Finance of the Islamic Emirate of Afghanistan (IEA), said Sunday that the General Directorate of Customs has significantly exceeded its target of revenue collection in the past solar year.

According to the ministry, at the beginning of the last financial year (1401), a revenue target of 96 billion Afghani was set for customs, but that target was increased mid-year to 105.4 billion Afghani. This target was reached by the end of the fiscal in March this year.

According to the Ministry of Finance, the last fiscal saw customs collect 111.5 billion Afghanis in total, which shows an excess of 5.8 percent or 6.1 billion Afghanis against the set target.

Customs revenue collected makes up 57.7 percent of all revenue collected by the Islamic Emirate of Afghanistan in 1401.

According to the IEA, this is the highest amount ever generated through customs in the country.

The Ministry of Finance added that the General Directorate of Customs received 94.27 billion Afghanis from imports, 15.24 billion Afghanis from exports, and 2.02 billion Afghanis from foreign transit in the past fiscal year.