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Customs revenue up

Dated: [bxcode.pagedata.date]

Customs revenue from excis e duty, VAT, import duty and other sources of re venue was last January €3.2 million higher than the same month last year.

An official Customs Department statemen t says the increase was due to economic expansion, an increase in consumption and greater efficiency and controls.

Increases were as follows: €1.54 million from excise duty, €1.47 million from VAT, €51,449 from import duty and €184,712 from other income.

Th e statement added that although Customs had changed a lot of its functions, it retained a strategic fiscal position ensuring an adequate income for the national government and the European Union.

The department statement explained further that it took the financial interests of the governmen t and the EU seriously , fronting attacks on all types of evas ion .

It was determined to continue improving the situation on a m onth to month bas is by increasing efficiency and strengthening enforcement through investment in human resources and in modern techno logy.   

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