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Indirect tax mop-up
September, 13th 2008
Revenue from indirect tax has touched Rs 1,12, 643 crore by August-end, achieving over 35 per cent of the budget estimates for the current fiscal. Revenue collections from customs and excise duty grew 10.5 per cent to Rs 93,856 crore by August-end, while service tax collections rose 24.9 per cent to Rs 18,787 crore till July-end, compared with Rs 15,043 crore collected in the same period last year.
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