
Rates of growth of custom duty and VAT are 4.52 and 16.63 in first quarter of FY 2013-14 which was 7.69 and 19.13 in the first quarter of the previous fiscal year. Newspapers report that between July and November in FY 2013-14, the National Board of Revenue (NBR) has collected revenue of Tk. 40,956 crore against the target of Tk 46,924.68 crore, a short of the target by Tk. 5,970 crore and 88.59 per cent of its target.1 This comes in the background of FY 2012-13 when both NBR and non-NBR authorities have failed to satisfy the target of revenue collection with total shortage of Tk. 40777.5