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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