The Ethiopian Customs Commission (ECC) has announced a record revenue collection of Birr 88.1 billion for the first quarter of the fiscal year, surpassing its initial target of Birr 87.2 billion. ECC Chief Commissioner Debele Kabeta, highlighted that the revenue exceeded last year’s first-quarter figures by over Birr 38 billion, reflecting a 77% growth. In addition to revenue collection, the ECC has intensified its crackdown on contraband and illegal trade. Debele revealed that goods worth billions of Birr were seized at ports, and the Commission’s enhanced monitoring efforts saved the country Birr 50.5 billion Birr by preventing smuggling activities. Formed to enhance trade facilitation and revenue generation, the ECC remains committed to enforcing customs laws, collecting duties, and combating illegal trade across Ethiopia.

Source: Ethiopian News October 15, 2024 20:27 UTC