MUSTANG, Nov 1: The Mustang Customs Office at the Nepal-China border crossing in Korala has collected Rs 11.45 billion in revenue in the first three and a half months of the current fiscal year.
The office had set a revenue target of Rs 9 billion for fiscal year 2026/27. It has already exceeded that target by Rs 2.45 billion, with more than three months of the fiscal year remaining.
According to Customs Officer Amindra Singh, goods worth Rs 26.12 billion were imported from China through the Korala crossing between mid-July and October 30. During the same period, Nepal exported goods worth Rs 286.3 million to China.
Singh said customs clearance was completed for 6,501 electric vehicles imported from various Chinese companies during the period. The vehicles have since been dispatched to their destinations. Mustang Customs collected Rs 6.92 billion in revenue last fiscal year.
The office had collected Rs 8.33 billion by October 13, before the Dashain festival. It collected an additional Rs 3.13 billion after the festival, Singh said.
Before Dashain, Chinese goods worth Rs 10.41 billion had entered Nepal through Korala. After the festival, imports worth a further Rs 6.71 billion were recorded, according to the customs office.
Between the start of the fiscal year and October 13, a total of 3,926 electric vehicles entered Nepal through Korala. In the 15 days after Dashain, customs clearance was completed for another 2,575 electric vehicles, Singh said.
He attributed the rise in trade through Korala to the complete closure of the Rasuwagadhi and Tatopani border crossings. Following the devastating floods in the Bhotekoshi area of Rasuwa, trade routes were diverted, bringing hundreds of containers of goods into Nepal through Korala.
Korala is emerging as an alternative route for trade with China. Imports through the crossing include ready-made garments, cosmetics, electronic equipment, industrial raw materials, food products, fruits, goods for festivals such as Dashain and Tihar, and electric vehicles.
The government brought the Nepal-China northern Korala border crossing into full operation on September 16 last year.
People’s News Monitoring Service
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