In Current FY, Customs duty of Rs 175.69 cr collected in Indore
November, 18th 2010
Customs duty collections in the Indore range aggregated to Rs 175.69 crore in the first seven months of the current financial year, compared to Rs 82.98 crore in the previous financial year.
During the same period, excise duty totalling Rs 506.20 crore was levied, translating into an 51.37 per cent increase in revenue to the exchequer vis-a-vis the corresponding period last fiscal, Central Board of Excise and Customs Commissioner V K Verma said in a statement.
He said collections from service tax stood at Rs 174.28 crore during the period, translating into a marginal increase of 5 per cent year-on-year.
Collections in the Indore range were low, as many companies working here are registered elsewhere, he said, adding that the merger of State Bank of Indore with State Bank of India has also affected collections.