Bangladesh’s largest customs station, the Chittagong Custom House (CHC) has witnessed a decline in revenue growth in the first seven months of the current fiscal year 2022-23, thanks to imports taking a hit amidst the ongoing dollar crisis and global slowdown on account of the ongoing Russia-Ukraine war.
This is as per reports which claimed the CHC reported negative growth in December and January following zero growth in the sixth and seventh months, even if as per CHC data, the revenue growth was 40.87 per cent in July of FY 2022-23, which declined to 24.67 per cent in August and -0.17 per cent in September only to witness growth increasing to 3.91 per cent in October and 14.13 per cent in November albeit growth in revenue collection again dropped in the next two months (the growth was -9.18 per cent in December and -4.38 per cent in January).
Reports further added CHC posted 8.28 per cent overall growth in the July-January period of FY 2022-23 as compared to 25.26 per cent during the same period of FY 2021-22, registering a decrease by 17 per cent in the seven months.