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INDIRECT TAX COLLECTIONS DURING MAY 2012 ARE UP BY 16.1% AS COMPARED TO MAY 2011
June, 12th 2012
                            PRESS INFORMATION BUREAU
                              GOVERNMENT OF INDIA
                                       *****

    INDIRECT TAX COLLECTIONS DURING MAY 2012 ARE UP BY 16.1% AS
                      COMPARED TO MAY 2011


                                                             New Delhi: Jyaistha 21, 1934
                                                                           June 11, 2012




       The revenue collections from Indirect Taxes--Customs duty, Central Excise duty and
Service Tax for the month of May, 2012 and up-to the month of May, 2012 are given in the tabular
format as below:
                                                                              Rs. in crore

                        For May                       April-May
                  2011-     2012-13                2011-    2012-            %             %
                                          %
                  12                               12       13           Cumulativ      Growth
                                       Growth
                                                                         e Growth        after
       Head                              over
                                                                            over        adjustm
                                       previous
                                                                          previous       ent in
                                         year
                                                                            year        May'12
                                                                                           **

      Customs      13,461     13,866       3.0%     26,175      25,460       (-) 2.7%       16.9%


      Central                                                                               29.6%
                   12,640     14,693      16.2%     23,338      27,298        17.0%
       Excise


      Service       5,918      8,607      45.4%     12,442      17,453        40.3%         45.4%
       Tax

       Total       32,019     37,166     16.1%      61,955      70,211        13.3%      27.6%


                 The percentage of growth in revenue during May, 2012, after adjustment for deep
 cuts in duty rate on petroleum and petroleum products made effective from 25th June, 2011,
 reflects the overall growth of 27.6% over the revenue collection during May, 2011.

         The overall growth in indirect tax revenue collection during the month of May, 2012 is
 about 16.1% which is 5.7% higher than last month's position. Further, the progressive growth of
 indirect taxes during April-May of current financial year 2012-13 is 13.3%, and in terms actual
 amount is Rs. 8256 crore higher than the corresponding period of last financial year.
       The growth in Central Excise revenue for May, 2012 is 16.2% and the overall growth in
Central Excise Revenue up to May, 2012 is 17%. The Service Tax revenue continues to be
buoyant and has shown 45.4% growth during May, 2012. The Customs growth is at 3.0% during
the month of May, 2012, though the growth in April, 2012 was negative.


                                         ***

DSM/GN



 
 
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