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  Revenue Analysis
 
 

REVENUE TARGET FOR 2009 – 10 :- The revenue target for Air Cargo Complex, Sahar for the year 2009-10 has been fixed at Rs. 6462.64 Crores. Following is the comparative trend of Revenue Analysis vis-a-vis previous year (2008-09)
(Rs. in Crores)


Formation Revenue realized during 2008-09 Revised revenue target for 2008-09 % variation over actual collection in 2008-09(Till FEB) Revenue realized during 2009-10(Till FEB) Revised revenue target for 2009-10 (Till FEB) % Variation over actual collection in 2009-10(Till FEB)
Air Cargo Complex Mumbai Zone – III 5557.07 6730 - 17.43% 4329.97 6056.18 - 28.50

COMPARATIVE REVENUE COLLECTION CHART IS GIVEN BELOW SHOWING THE REVENUE TREND FOR THE LAST 6 YEARS

(Rs. in Crores)
Month 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10(Till FEB)
April 268.57 303.44 379.75 462.52 504.96 326.28
May 235.32 282.15 419.59 475.01 490.98 312.95
June 276.91 268.3 429.79 455.96 530.34 370.74
July 295.96 240.6 429.79 455.96 530.34 370.74
August 284.77 304.86 461.43 496.15 498.8 411.7
September 290.24 296.69 473.84 474.48 515.34 407.67
October 313.7 332.23 439.34 553.57 502.43 442.27
November 283.19 296.12 485.17 465.47 485.42 393.12
December 359.62 361.14 491.25 518.69 454.34 464.59
January 258.84 347.37 439.18 465.34 297.26 382.54
February 278.32 305.43 432.11 484.68 333.47 441.49
March 351.48 426.57 521.13 557.48 349.49  
TOTAL 3496.92 3764.9 5402.28 5906.53 5551.77 4329.97
Increase over prev. year 33.65 267.95 1637.41 504.25 - 349.46  
% Increase over prev year 0.97 7.66 46.21 9.33 - 5.92  
%Target 3550 3600 4100 6185 6730 6462
 
 
 


MEASURES FOR AUGMENTING REVENUE

The following specific measures were / are being taken for augmenting Revenue:

  • Trade Facilitation Committee which comprises of the members of the Trade, Custodians, Airlines, Banks, Octroi etc meets regularly every fortnight and immediate action is taken to sort out problems and remove hurdles so as to reduce dwell time, cut transaction costs and improve trade facilitation.

  • Regular Co-ordination is maintained with the Directorate General of Valuation to check cases of under valuation of import goods.

  • Regular Local Risk Managers (LRM) meetings are held regularly with concerned departmental officials for beefing up the Risk Management System.

  • Both Custodians have been asked to clear unclaimed / uncleared cargo and confiscated & ripe for disposal cargo through e – auctions every month.

  • Arrears of Revenue are given special attention and are being reviewed for realization of pending revenue.

  • Bonds and Bank Guarantees are closely monitored

  • Direct Delivery of urgent import cargo is expedited within 24 hours of arrival.

  • The Import Cargo Delivery Gates are kept open upto 12.00 midnight on the request of Trade for speedier clearance of cargo.

  • Audit Memos and Statement of Facts are sought to be settled at the earliest by liaisioning with the CRA deptt and taking suitable action.

  • Continuous effort is on to reduce the Dwell Time for cargo and set new standards in quick clearance.

  • Many clients are already availing the facility of accredited client status. Potential ACP clients i.e importers who have imported goods more than Rs. 10 crore or paid duty of more than Rs. one crore in the last financial year 2009-10 are being invited to apply for grant of ACP status.


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