Less revenue from logs’
Quoting the Solomon Star newspaper – 16 March 2018
“Former Minister for Forest and Member of Parliament (MP) for Shortland Islands Christopher Laore says Customs did not capture the much needed revenues from logs exported out of the country.
“He was speaking during the Public Accounts Committee (PAC) hearing into the 2018 National Budget 2019, when the delegation from Ministry of Finance and Treasury (MoFT) appeared before the committee.
“Laore said he had witnessed 500,000 cubic metres of round logs for export recorded at log ponds but could not believe the revenues collected by customs from those logs, which he believed that something (funny)is going on.
“In response to his statement, Comptroller of Customs Nathan Kama said, his division has an estimate target every year which they strive to achieve.
“Mr Kama said they record the revenues collected each month and see whether they exceed or fall short, but adding that they normally exceed their monthly target.
“He said it is not easy to do physical check for all containers in one day at the port, but assured they keep on striving to cope with their work schedule.”
Copyright: Solomon Star. (All Rights Reserved)