It witnessed a 26 percent rise in terms of income tax and value added tax but a 0.8 percent growth has been shown in customs due to decline in imports and reduction in tariff rate in more than 3000 items only one month into the passage of budget.

The reformative measures taken by the revenue board with regard to tax evasion and direct tax collection have resulted in the rise in the revenue earning, the outgoing chairman of NBR, Khairuzzaman Chowdhury, told The Daily Star yesterday.

He also attributed the addition to value at different levels to expansion in domestic economic activities and rise in imports of raw materials.

In FY06 the revenue collection target was fixed at Tk 34456 crore or 15.21 percent and it reached Tk 33812 crore. In the previous financial year the estimated revenue collection was TK 29905 crore.

The NBR sources said though the total revenue earning went short of the target by Tk 644 crore, but the earning from VAT, supplementary duty and income tax at local level has been far ahead of the target point.

The revenue at import level reached Tk 15234 crore against the target of Tk 16150 crore registering a 0.8 percent growth in this regard.

In local level the growth has been recorded 25 percent reaching Tk 11161 crore against the target of Tk 11040 crore.

The income tax level witnessed a 28 percent growth as Tk 7141 crore was earned against the target of Tk 6960 crore.

NBR sources added in recent years there has been a significant rise in domestic industrial output and a GDP growth, which heightened the revenue at domestic level.