Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: TDS :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: cpt :: VAT RATES :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment
News Headlines »
 CBDT releases Income Tax Return statistics for last two fiscals
 CBDT issues second round of Certificates of Appreciation to tax payers for their contribution towards Nation building
 FinMin looks at cut in corporation tax
 Draft Rules for prescribing the method of valuation of fair market value in respect of the trust or the institution-Chapter XII-EB of the Income-tax Act, 1961- reg.
 India is moving towards a flawed GST
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers

Indirect tax mop-up sees 12.7% increase
July, 13th 2007

First quarter customs excise collection at Rs 48,732 cr; service tax receipts may cross Rs 50k cr
Indirect tax collection, too, seem to be keeping pace with direct tax collection this fiscal. The government collected Rs 48,732 crore through customs and excise duties in the first quarter ended June 30.

This is a 12.7% rise compared with Rs 43,237 crore during April to June last fiscal.

While customs duty receipts rose 19.8% at Rs 23,571 crore, excise duty collection grew by 6.8% at Rs 25,161 crore during the quarter.

In the month of June, customs collection was up 15.9% at Rs 8,183 crore against Rs 7,059 crore during the same month last year.

However, excise duty collection were lower. They witnessed a growth of just 7.6% to stand at Rs 9,313 crore. The rise in customs duty collections has been attributed to increased imports of oil and other goods by the industry. The recent phenomenon of rupee appreciation has also made import attractive, leading to increased revenue, officials said.

The robust customs and excise duty collection came on the back of a 11.1%growth in industrial output during May this year.

Heading North
Customs duty receipts rose 19.8% at Rs 23,571 crore
Excise duty collection grew by 6.8% at Rs 25,161 crore
In June, customs collection was up 15.9% at Rs 8,183 crore
Customs duty receipts are expected to increase by 20.01% to Rs 77,066 crore during 2007-08
Excise revenue is expected to increase by 6.25% at Rs 1,19,000 crore
The government also earned Rs 3,001 crore in May compared with Rs 2,188 crore in the same month a year ago, a healthy growth of 37.2%.

The consolidated revenue collection from the service tax from April-May period stood at Rs 5,878 crore, against Rs 4,163 crore in the same period last year, up 41.2%.

The government estimates that service tax collection will cross Rs 50,000 crore this fiscal.

According to Budget estimates, customs duty receipts are expected to increase by 20.01% to Rs 77,066 crore during 2007-08 while excise revenue was expected to increase by 6.25% at Rs 1,19,000 crore.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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