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Fall in excise collection due to recession
July, 14th 2009

Recession has shown its impact on tax collection too, informed chief commissioner, customs and central excise, Lucknow zone, B R Tripathi. 
 
He attributed the same reason for realisation of lesser revenue than the target. Lucknow zone's target for central excise for the financial year 2008-09 was Rs 6,885 crore. Against this, only Rs 6,321.27 was realised, clearly indicating a gap.

The trend was, however, not the same in the service tax category. Here, against a target of Rs 750 crore, a sum of Rs 779.47 crore was collected as service tax from the Lucknow zone.

The zone's major revenue generating commodities are petroleum products which come from Mathura oil refinery; pan masala and gutka that are produced in Lucknow and Kanpur; aluminium products that are produced in Mirzapur based Hindalco; automobiles manufactured in Tata Motors of Lucknow. Some other commodities include plastic, cement, chewing tobacco, aerated and mineral water.

 
 
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