Boddu Concerned Over EC$235 million in Exemptions Up to August 2024
The Comptroller of Customs, Raju Boddu, has raised concerns about the impact of exemptions on the government’s revenue streams.
Despite the Customs Division achieving record revenue figures, Boddu is worried that the increasing number of exemptions is affecting the revenue.
The total exemptions granted up to August 2024 amounted to EC$235.02 million, compared to approximately EC$233.03 million in August 2023, indicating an increase of $1.99 million, or about 0.85 percent, in exemptions for the same period.
Boddu highlighted that of the total EC$235.02 million exemptions, approximately EC$35.97 million, or 32.49 percent, were discretionary exemptions.
He also noted that around EC$0.46 million for vehicles in August 2024 accounted for 99 vehicles, resulting in duties and taxes collected amounting to EC$1.21 million.
On a positive note, the revenue for August 2024 reached $33.58 million, a notable increase from the $31.0 million collected in the same month of 2023, as reported by Raju Boddu.
This reflects a rise of $2.58 million, or an 8.32 percent increase.
The positive revenue trends persisted through the end of August, culminating in a total of EC$312.29 million for the period.
This figure represents an increase from EC$260.98 million recorded from January to August 2023, marking an improvement of EC$51.31 million, or a 19.66 percent increase.
This story was first published by Antigua News on : antigua.news/2024/09/23/boddu-concerned-over-ec235-million-in-exemptions-up-to-august-2024. © 2024 Antigua News. Republication without permission is not allowed.
About the author
The Editorial Staff refers to all reporters employed by Antigua.news. When an article is not an original creation of Antigua.news—such as when it is based on a press release, other media articles, letters to the editor, or court decisions—one of our staff members is responsible for overseeing its publication.
Read our editorial standards and corrections policy. Spotted an error? Contact the newsroom.
More from Antigua and Barbuda
View section
More Than 12,000 Registered for CHOGM as Overseas Participation Nears 5,000
Organisers say the accreditation total includes local workers and participants preparing to support the Commonwealth gathering.
By Shermain Bique-Charles
VIDEO: Sherese ‘Washington’ Bramble Arrested During Live CHOGM Town Hall Broadcast
Sources say police were seeking Bramble in connection with a separate matter unrelated to the meeting.
By Editorial Staff
Emergency Response Teams to Stage Mass Casualty Drill at Scotts Hill Ahead of CHOGM
Emergency personnel will simulate a serious vehicle crash to test hospital readiness, while a separate evacuation exercise is planned for the CHOGM opening ceremony venue.
By Cory Wayland
Karim Edwards’ Trial Over Fatal Friars Hill Road Crash Postponed Until December
More than four years after the collision that claimed the life of medical student Kenneth Mathew and left Priyanjana Das with life-altering injuries, the accused driver is still awaiting trial.
By Cory Wayland
Comments (1)
Antiguan Patriot. September 23, 2024, 8:07 AM