Customs Department confident will reach target revenue this year

0
859

BANGKOK, June 24 – The customs department is confident that customs revenue collection in the last four months of the fiscal year will surpass the target by 10 -12 billion baht despite the eurozone crisis.

Director-General Somchai Pulsawas said although the European economy is facing problems, Thai exports can still depend on trade with ASEAN (Association of Southeast Asian Nations) countries.

The trade value with the European Union in the first eight months of the 2012 fiscal year was recorded at 787 billion baht including 360 billion baht of imports and 427 billion of exports, a drop of 12.2 percent year-on-year.

However, he said the overall trade value in the first eight months of the 2012 fiscal year from October 2011- May 2012 was 9.23 trillion baht, a 6.7 percent growth.

Imports valued in this period were at 4.8 trillion baht, expanding 14.2 percent with exports worth 4.36 trillion baht, shrinking 0.54 percent, compared to the same period last year.

According to the customs department, customs net revenue collection in the first eight month of the 2012 fiscal year amounted to 79.4 billion baht, about 10 billion baht or 14.63 percent higher than the target.