04 October 2010

BEIRUT: Customs revenues reached $1.3 billion in the first eight months of 2010, up 6.8 percent from $1.2 billion in the same period last year, as reported by Byblos Bank’s Lebanon This Week. Custom revenues totaled $168 million in August 2010 compared to $181 million in July 2010 and $163 million in August 2009. The port of Beirut continues to be the main point of customs receipts, accounting for 88.8 percent of the total in first eight months of 2010, and was followed by the Rafik Hariri International Airport with 5.4 percent, the Port of Tripoli with 3.4 percent, and the Masnaa crossing point with 2 percent of the total. Customs receipts from the value-added tax totaled $991.5 million in the first eight months of the year. The Port of Beirut accounted for 76 percent of such receipts, followed by Rafik Hariri International Airport with 8.6 percent, the Port of Tripoli with 6.7 percent, and the Masnaa crossing point with 6 percent of the total. – The Daily Star

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