sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Customs and Excise »
 Central Board of Excise and Customs to be renamed CBIC by April
 Central Board Of Excise & Customs New Delhi GST Flyers
 Hike in customs duty on electronics likely to boost revenue collection
 Customs duty raised on electronic goods
 Ministry Of Finance (Central Board Of Direct Taxes) Notification
 Refund of IGST paid on export of goods under rule 96 of CGST Rules,2017
 Customs And Central Excise Drawback – Part II
 Customs Valuation (Determination of Value of Imported Goods) Rules 2007
 Amendment to Customs Valuation Rules – Notification No. 91/2017 (NT)
 GST on Custom House Agents
 The Customs and Central Excise Duties Drawback Rules, 2017 and All Industry Rates (AIRs) of Drawback related changes

Excise collection falls by 8.7% in Sept
October, 14th 2011
Excise duty collection fell by 8.7 percent in September to Rs 11,432 crore from Rs 12,528 in same month last year, showing weak manufacturing activity.
 
"The drop in excise collections shows that there has been a fall in the manufacturing activity," Central Board of Excise and Customs (CBEC) Chairman S D Majumder told PTI.
 
He expressed hope that customs and excise revenues pick up in October on account of the festive season, he added.
    
The excise collections dropped sharply in September to Rs 11,432 crore whereas customs mop-up grew by a marginal 7.2 percent to Rs 12,286 crore during the month, according to the Finance Ministry's latest data.
 
"The 7.2 percent growth in customs is mainly due to fall in rupee which has also depreciated 7 percent," Majumder said.
    
The overall collections for September went up by just 5.9 percent at Rs 32,416 crore against Rs 30,608 crore in the same month last year.

However, the April-September data showed an overall rise of 20.4 percent in indirect tax revenues at Rs 1,90,141 crore.
    
The customs collections in the first six months of the current fiscal expanded 19.4 percent at Rs 75,613 crore, and excise collections also grew 13.2 percent and stood at Rs 71,058 crore.
    
Besides, services tax collections registered a robust 36.5 percent growth in the April-September period at Rs 43,470 crore. For September, it was up 31.4 percent at Rs 8,698 crore.
    
The industrial growth of the country slowed to 4.1 percent in August on account of the poor performance of the manufacturing sector and a decline in mining output, indicating a economic slowdown.
    
Growth in factory output, as measured in terms of the Index of Industrial Production (IIP), stood at 4.5 percent in August last year.
    
Besides, economic growth in the first quarter (April- June) also fell to a six quarter low of 7.7 percent.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions