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New Delhi, July 10 Buoyed by strong growth in volume of capital goods and electronic item imports in the first quarter of current fiscal, the Customs Department in the Delhi zone is confident of achieving the revenue targets set by the CBEC for fiscal 2007-08.

“Imports of capital goods, electronic items and cellular towers have shown strong growth in the first quarter. This gives us confidence that the revenue targets would be met. We are well on course to meet the target despite rupee appreciation”, Mr A.C. Buck, Chief Commissioner of Customs, Delhi, told reporters on the sidelines of a FIEO meeting here on Tuesday.

The Central Board of Excise and Customs (CBEC) had pegged the customs revenue target for the Delhi zone at Rs 11,070 crore for 2007-08. This represents a 15-per cent increase over the collection level of Rs 9,600 crore in 2006-07.

For 2007-08, the Centre has pegged the customs revenue target at Rs 98,770 crore.

Mr Buck highlighted that the drawback payments for the Delhi zone increased from Rs 779 crore in fiscal 2005-06 to Rs 1,061 crore in 2006-07. The number of documents processed by the customs department has also shown a sharp increase, he added. In his interaction with members of the Federation of Indian Export Organisations (FIEO), Mr Buck also indicated that risk management system in exports may get operationalised in the next six months. The RMS in imports had been launched in June last year.

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